Trade Development
Trade development refers to the process of enhancing a country's ability to engage in international trade. This involves improving infrastructure, such as transportation and communication systems, and creating favorable policies that encourage exports and imports. By fostering a competitive environment, countries can boost their economies and create jobs.
Additionally, trade development often includes building relationships with other nations through trade agreements and partnerships. These agreements can lower tariffs and reduce trade barriers, making it easier for businesses to access new markets. Overall, effective trade development can lead to increased economic growth and improved living standards for citizens.