Question

Strategy adopted by india to integrate with world trade

Answer 1

mportant issues in world trade are as follows;

1. Sweatshops -This refers to work place which is very poor and has bad working conditions.

2. Global market- this is an international marketing community

3. Trade tariffs- this is an measure of economy where a country's imports exceeds exports.

4. Embargoes - ban on trade or any other commercial activity.

5. Tariffs- tax or duty to be paid on a particular import

India adopted Foreign Trade Policy in order to integrate with world trade