1. The reduction or elimination of restrictions on international trade, such as tariffs, quotas, and other barriers to allow freer movement of goods and services between countries
Trade liberalization agreements have increased market access for many developing nations.
Os acordos de liberalização do comércio aumentaram o acesso ao mercado para muitas nações em desenvolvimento.
2. Economic policy aimed at reducing government intervention and protectionist measures in trade
The country pursued trade liberalization to boost its economic growth.
O país buscou a liberalização do comércio para impulsionar seu crescimento econômico.