International Trade Policies

International trade policies are regulations and agreements between countries that govern how goods and services are exchanged across borders. These policies aim to promote fair competition, protect local industries, and enhance economic growth. They include tariffs (taxes on imports), quotas (limits on quantities), and trade agreements (pacts that reduce barriers). By shaping trade dynamics, these policies influence how industries operate globally, impacting prices, availability of products, and overall economic relationships between nations. Effective trade policies can lead to innovation, job creation, and consumer benefits, while poorly designed ones may result in trade disputes and economic imbalances.