The document discusses how economic freedom and trade liberalization are mutually reinforcing and lead to greater trade competitiveness and enhancement. It analyzes data on various indicators of economic freedom, trade barriers, and competitiveness for several SAARC countries. Regression analysis shows the factors of economic freedom significantly determine trade competitiveness factors like goods market efficiency, which then determine the magnitude of regional and international trade. Removing barriers like high tariffs and non-tariff barriers in South Asia could further boost trade.