Trade Policy (Noun)
Meaning
A government's policy controlling foreign trade.
Classification
Nouns denoting communicative processes and contents.
Examples
- The country is revising its trade policy to encourage more international partnerships and increase export revenue.
- A key challenge facing the administration is to negotiate fair trade agreements consistent with its overall trade policy.
- Free trade advocates argue that a more lenient trade policy would benefit the economy by giving domestic businesses greater access to overseas markets.
- In response to the increase in imports, the government has implemented a new trade policy aimed at protecting local industries.
- Critics have claimed that the revised trade policy is too restrictive and may harm the nation's position in the global market.