Trade Policies

Trade policies are regulations and agreements that a country uses to manage its economic exchanges with other nations. They can include tariffs (taxes on imports), quotas (limits on goods from abroad), and trade agreements (pacts that reduce barriers). The goal is to protect domestic industries, promote exports, and enhance economic growth while balancing relationships with other countries. Good trade policies aim to benefit consumers by providing access to a variety of goods at competitive prices, while also supporting local businesses to thrive in a global economy.