Question

what do you mean by libralisation of forign trade? give answer in 3 or 5
point​

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

Explanation:

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Answer 2

Trade liberalization is the romoval or reduction of restrictions or barriers on free exchange of goods between nation's.

This includes the reduction of tariff obstacles,such as duties and subcharges and nontariff obstacles such as licensing rules ,quotas and other requirements.

The government imposes lesser restrictions than before and therefore ,said to be more liberal.

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