Trade Policy as a System

TPCEC Q1: System of a governmental trade policy, international and domestic frameworks, institutions

Framework of the TP

* International Context:

* Multilateral Trading System (WTO – rules(should be implemented into legislation) and members´ commitments(promises))

* Other international agreements, rules and commitments

* National Context:

* Foreign policy

* Economic policy:

* Commercial Policy (Trade Policy)

* Domestic Policies

TP as a system

* Mutually supportive measures with a goal:

* To achieve benefit from comparative advantages

* To protect national producers (against unfair foreign competition, against any competition)

* To protect consumers (against dangerous products)

* To promote export of national products and services

* To reflect non-trade aspects (rural development)

* Established by governments

* Functioning: through governmental institutions

* Trade policy is a collection of rules and regulations that are connected with trade. Every nation has some form of trade policy in place, with public officials formulating the policy which they think would be most appropriate for their country.

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* The purpose of trade policy is to help a nation's international trade run more smoothly, by setting clear standards and goals which can be understood by potential trading partners. In many regions, groups of nations work together to create mutually beneficial trade policies.

* Trade policy is a collection of rules and regulations that are connected with trade. Every nation has some form of trade policy in place, with public officials formulating the policy which they think would be most appropriate for their country.

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* The purpose of trade policy is to help a nation's international trade run more smoothly, by setting clear standards and goals which can be understood by potential trading partners. In...