Question

how does liberalisation policy help in trade?

Answer 1

Liberalisation policy helps in trade because it means removal of taxes on imports. If this happens countries can easily expand their production and sell their goods in cheap rates

Answer 2

Answer:

Trade liberalization removes or reduces barriers to trade among countries, such as tariffs and quotas. Having fewer barriers to trade reduces the cost of goods sold in importing countries. Trade liberalization can benefit stronger economies but put weaker ones at a greater disadvantage.