foreign trade policy

Foreign trade policy refers to a country's strategies and rules for buying and selling goods and services across international borders. It includes decisions on tariffs (taxes on imports), trade agreements, quotas, and regulations to promote exports, protect domestic industries, and ensure balanced economic growth. By shaping how trade is conducted, a nation aims to enhance its economic strength, create jobs, and maintain favorable relationships with other countries. Essentially, it guides a country's interactions with the global marketplace to achieve national economic goals.