Trade Policy
Meaning
The Trade policy of a country refers to its policy relating to its foreign trade. It has a strong bearing on economic development of the country. It is said that trade is the engine of growth for an economy. Under the policy of globalization and with fast means of transport and communication the international trade is expending in volumes. Every country tries to take maximum benefit from its international trade. The share of total benefit arising out of global trade going to a particular country is mostly influenced by its foreign trade policy together with the global conditions.
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