Free Movement of Goods and Services

Free movement of goods and services refers to the unrestricted ability for products and services to be traded across borders without tariffs, quotas, or other barriers. This concept is key in trade agreements and economic unions, such as the European Union, where it promotes competition and efficiency. It allows businesses to access larger markets and consumers to enjoy a wider variety of products at potentially lower prices. By facilitating easier trade, the free movement of goods and services fosters economic integration and growth among participating countries.