International Business

Lecture on Formulation of National Trade Policies

Lecture on Formulation of National Trade Policies

The formulation of national trade policies is the ability of a nation to set the rules of its activity in the global economic system. The Trade Policy refers to the complete framework of laws, regulations, international agreements and negotiating positions as well as Government’s guidelines and pronouncements on trade which define how the country will conduct its trade with bilateral, regional and multilateral trading partners.