_________ is a trade policy that doesn‘t restrict imports or exports.

The correct answer is Free trade.Key PointsFree Trade:

• It is a trade policy that promotes the exchange of goods and services between countries without any restrictions, such as tariffs, quotas, or other trade barriers.
• The India-UAE CEPA is the most recent of India's twelve free trade agreements.
• In 2020, India made the decision to withdraw from the Asia-Pacific region's massive Regional Comprehensive Economic Partnership.
• India has reaped only meager gains from the Free Trade Agreement with South Korea.

Additional InformationFair Trade:

• It is a trade policy that aims to promote greater equity in international trade, particularly for small-scale producers and workers in developing countries.
• It focuses on improving working conditions, promoting sustainable production practices, and ensuring fair prices for producers.

Local Trade:

• It refers to the exchange of goods and services within a local community or region, often with a focus on supporting small businesses, reducing transportation costs and environmental impact, and promoting local culture and identity.

Swiss Trade:

• It may refer to the trade policies and practices of Switzerland, which is known for its openness to international trade, particularly in the areas of finance, manufacturing, and services.
• Switzerland is also a member of the World Trade Organization (WTO) and has signed numerous free trade agreements with other countries and regions.