International Trade and Protectionism

International trade refers to the exchange of goods and services between countries, promoting competition and economic growth. Protectionism, on the other hand, involves governments implementing policies like tariffs and quotas to shield domestic industries from foreign competition. In the context of competition law, which ensures fair business practices, protectionism can raise concerns. Excessive protective measures may lead to anti-competitive behavior, limiting choices for consumers and affecting prices. Balancing international trade and protectionist policies is crucial to fostering a fair and competitive market while safeguarding local economies.