Global Trade and Regulations

Global trade refers to the exchange of goods and services between countries, allowing nations to obtain products they don’t produce locally. Regulations are rules set by governments to manage this trade, protecting consumers, ensuring fair competition, and addressing environmental concerns. These can include tariffs (taxes on imports), quotas (limits on quantities), and safety standards. By creating a structured trading environment, regulations help maintain balance and promote economic growth, while also safeguarding national interests and promoting international cooperation in trade practices.