30-08-2017, 03:54 PM
Trade policy is a collection of rules and regulations pertaining to trade. Each nation has some form of established trade policy, with public officials formulating the policy that they think would be most appropriate for their country. The objective of trade policy is to help a nation's international trade develop more smoothly by establishing clear rules and objectives that can be understood by potential trading partners. In many regions, groups of nations work together to create mutually beneficial trade policies.
Trade policy uses seven main instruments:
1. Tariffs
2. Subsidies
3. Import Dues
4. Voluntary export restrictions
5. Local Content Requirements
6. Management policy
7. Anti-dumping duties.
Trade policy uses seven main instruments:
1. Tariffs
2. Subsidies
3. Import Dues
4. Voluntary export restrictions
5. Local Content Requirements
6. Management policy
7. Anti-dumping duties.