Unregulated Commerce (4,5)

Unregulated commerce crossword clue. SPEEDY CROSSWORD The Observer UK newspaper NO. 1,128 on 14 May 2017. 9 letters 2 words (4,5)

The answer is FREE TRADE

Free trade is a policy followed by some international markets in which countries’ governments do not restrict imports from, or exports to, other countries. Free trade is exemplified by the European Economic Area and the Mercosur, which have established open markets. Most nations are today members of the World Trade Organization (WTO) multilateral trade agreements.

However, most governments still impose some protectionist policies that are intended to support local employment, such as applying tariffs to imports or subsidies to exports. Governments may also restrict free trade to limit exports of natural resources. Other barriers that may hinder trade include import quotas, taxes, and non-tariff barriers, such as regulatory legislation.