Strategic Trade Policy Framework

A Strategic Trade Policy Framework is a government plan aimed at boosting a country's economic competitiveness by supporting specific industries. It involves policies that help domestic firms succeed internationally, such as targeted subsidies, strong export support, or protection from unfair foreign competition. The goal is to increase national income, create jobs, and foster innovation by proactively shaping how trade happens. This framework balances open trade principles with strategic measures to strengthen key sectors, ensuring the country can compete effectively in global markets while maintaining fair trading practices.