National Trade Policy

National Trade Policy refers to a country's approach to managing its trade with other nations. It encompasses laws, regulations, and agreements designed to promote exports, protect domestic industries, and manage imports. The policy aims to balance economic growth, job creation, and consumer protection while ensuring fair competition. It includes tariffs (taxes on imports), quotas (limits on the amount of certain goods), and trade agreements with other countries. Effective trade policy can enhance a nation's economic strength and influence in the global market.