Question

what is foreign trade policy​

Answer 1

Answer

• Foreign trade policies are government actions, especially tariffs, import quotas, and export subsidies, designed to increase net exports by promoting exports or restricting imports.

Salient Features of Foreign Trade:

The following are the features of foreign trade:

(i) Change in the composition of exports:

(ii) Change in the composition of imports:

(iii) Direction of foreign trade:

(iv) Balance of trade:

(v) Dependent trade:

(vi) Trade through sea routes:

Answer 2

Answer:

Foreign trade policy are government actions, especially tarriffs , import quotas , designed to increase net export by promoting export or restricting imports ...

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