Question

Explain in one sentence,
Trade Liberalization.. ​

Answer 1

Answer:

Trade liberalization is the removal or reduction of restrictions or barriers on the free exchange of goods between nations. These barriers include tariffs, such as duties and surcharges, and nontariff barriers, such as licensing rules and quotas.

Answer 2

Answer:

Trade Liberalization :

➡️ The Import licensing controls have been abolished. Almost all capital goods, raw materials, intermediate goods were made freely importantable.