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Discuss The Concept of Business Policies With Regard To India International Trade
Discuss The Concept of Business Policies With Regard To India International Trade
Discuss The Concept of Business Policies With Regard To India International Trade
BPS
There are three types of international trade: Export Trade, Import Trade and
Entrepot Trade.
The Directorate General of Foreign Trade (DGFT) is the agency of the Ministry
of Commerce and Industry of the Government of India responsible for
administering laws regarding foreign trade and foreign investment in India.
Foreign trade policy is also known as Export-Import policy or EXIM Policy. The
EXIM polices are adopted by any country regarding the exports and imports
goods and services with other countries in the world. Trade policies can be of
two types, the free trade policy and the protective trade policy. In free trade
policy there is complete absence of restrictions on the exchange of goods and
services among the nations.
There are different types of trade blocs depending on the levels of commitments and
arrangement between the members.
Preferential Trade Areas. Preferential trade areas have the lowest level of
commitment to the reduction of trade barriers. ...
Free Trade Area. ...
Customs Union. ...
Common Market. ...
Economic Union. ...
Full Integration.