Global Trade Regulations

Global trade regulations are rules and agreements that govern how countries conduct trade with each other. They aim to ensure fair competition, protect consumers and the environment, and facilitate the smooth exchange of goods and services across borders. These regulations can involve tariffs (taxes on imports), quotas (limits on quantities), and standards (requirements for quality or safety). Major agreements, like those from the World Trade Organization (WTO), help to resolve disputes and promote free trade, making it easier for nations to trade effectively while addressing issues like trade imbalances and protecting local industries.