Professional Documents
Culture Documents
International Business
International Business
INTERNATIONAL BUSINESS
INTRODUCTION
Trade policy is a collection of rules and regulation
which pertain to trade.
Purpose of trade policy :
To help a nations international trade run more
smoothly, by setting clear standards and goals .
To protect domestic industries from foreign goods.
To maintain favorable balance of payment.
To conserve foreign exchange.
THE INSTUMENTS OF TRADE
POLICY
TARIFFS
SUBSIDIES
IMPORT QUOTAS
VOUNTARY EXPORT RESTRAINTS
ANTI-DUMPING DUTIES
ADMINISTRATIVE POLICIES
LOCAL CONTENT REQUIREMENTS
TARIFFS
Tariff is a tax levied on imports that effectively raises the
cost of imported products relative to domestic products.