Trade Regulations

Trade regulations are rules set by governments that control how goods and services are exchanged between countries. They aim to protect local economies, ensure fair competition, and maintain safety and quality standards. These regulations can include tariffs (taxes on imports), quotas (limits on the amount of a product that can be imported), and various safety and labeling requirements. By regulating international trade, countries seek to balance promoting economic growth with protecting their own industries and consumers from unfair practices or harmful products.