What is trade liberalisation trade liberalisation is the, Ask an Expert

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What is Trade liberalisation

Trade liberalisation is the removal of barriers to trade. This has mainly taken the form of restrictions created by national governments like quotas, tariffs and bureaucratic regulations designed to protect domestic producers from lower-priced international competition. The GATT trade rounds and World Trade Organization that was created in 1994 have tried to establish international free trade and liberalise markets in order to raise competition and improve economic efficiency.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9575180

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