Question

what do you understand by liberalisation of foreign trade?​

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:

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==>Removing barriers or restrictions set by the government is known as liberalisation.