trade liberalization definition

trade liberalization

Removal of or reduction in the trade practices that thwart free flow of goods and services from one nation to another. It includes dismantling of tariff (such as duties, surcharges, and export subsidies) as well as non-tariff barriers (such as licensing regulations, quotas, and arbitrary standards).

trade liberalization is in the Economics, Politics, & Society and International Trade & Relations subjects.

trade liberalization appears in the definitions of the following terms: Organization for Economic Cooperation and Development (OECD) and protectionism

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