International Trade Regulations

International trade regulations are rules and laws that countries establish to govern the exchange of goods and services across borders. These regulations aim to facilitate trade, protect domestic industries, ensure fair competition, and uphold standards related to safety, health, and the environment. They include tariffs (taxes on imports), quotas (limits on quantities), and trade agreements that promote cooperation among countries. By setting these guidelines, nations seek to balance the benefits of global trade with the protection of local economies and the wellbeing of their citizens.