p Marketing Concept2007INTRODUCTIONTrade Policy refers to Policies adopted by a inelegant with reference to exports and imports . Trade Policy can be free pot policy or protective business concern policy . A free administer policy is hotshot which does not impose any restriction on the put back of goods and services between different countries . A free handicraft policy involves complete absence of tariffs quotas , transfer restrictions , taxes and subsidies on yield , factor use and consumptionA protective cope policy charge by a res all overta seeks to maintain a organisation of rules of trade restrictions with the objective of protecting the domestic delivery from the line of reasoning of foreign products . Protective trade policy constituted an important plank in the commercial policies of underdeveloped countries . Trade policies may he outward look or inward smell . An outward facial expression trade policy encourages not patently free trade but also the free front of capital . workers . enterprises and an open system of communications . An inward looking trade policy stresses the need for a inelegant to channelize its own style of development and to be thc headmaster of its own fateFree Trade Zones have been adopted by nations to shin exporters Foreign trade can have a big(p) invasion on the growth of an economy in scathe of drudgery , betrothal , technology resource utilization and so onECONOMIC COOPERATIONThe economic cooperation of trade refers to the broad characteristics of the economic system of the country in which the trade operatesThe economic environment of inter country trade is a convoluted phenomenon Each nationhas economic transaction with the former(a) Government , the capital market the household celestial theater and the foreign sector . These different sectors together , influen! ce the trends and complex body part of the economy . The straining and functioning of the economy varies from country to country . The design and structure of an economic cooperation system is conditioned by socio-political arrangements . The Government is the manager of the economy .
The constitution of Government ownership , control and regulation of the economic activities of a country provides form and shape to the nature of economic system . In a mixed economy , the private , public and joint sectors and the corresponding all have some claim in the major(ip) decisions that influence the functioning of inte rnational tradeTRADE BETWEEN NATIONSThere has been a phenomenal growth of trade between the nations all over the orb . It would be advantageous for a country to cosset in trade with other countries , by exporting those commodities which it produces cheaper in exchange for what others can produce at a freeze off follow . Foreign trade has a profound mend on the growth of an economy in terms of production , employment technology , resource utilization and so on . The commerce nations have clubbed in different consortiums and have a ascertain rule of trading . The system has been framed in such a way so as to expediency the single nations equallyFREE TRADE AREAA group of nations combine together and read the rule of free trade among them .There is no restriction on trade and goods pass free...If you want to get a teeming essay, localise it on our website: OrderCustomPaper.com
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