Economic Policy Questions Medium
The main goals of trade policy are to promote economic growth, enhance domestic industries, increase employment opportunities, improve the standard of living, and foster international cooperation. Trade policy aims to create a favorable environment for international trade by removing barriers, such as tariffs and quotas, and facilitating the flow of goods and services across borders. Additionally, trade policy seeks to protect domestic industries from unfair competition, safeguard national security interests, and promote sustainable development. It also aims to establish and maintain mutually beneficial trade relationships with other countries, fostering economic cooperation and stability on a global scale. Overall, the main goals of trade policy revolve around maximizing economic benefits, ensuring fair competition, and promoting global prosperity.