Review:
International Trade Policies
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
International trade policies refer to the rules and regulations that govern the import and export of goods and services between countries.
Key Features
- Tariffs and quotas
- Trade agreements
- Customs regulations
- Market access
- Currency exchange rates
Pros
- Promote economic growth
- Increase global competition
- Improve market access for businesses
Cons
- Potential for trade wars
- Can lead to negative impacts on certain industries or regions
- Complex and can be difficult to navigate