international trade regulations
International trade regulations are rules and laws that countries establish to govern the exchange of goods and services across borders. These regulations aim to ensure fair competition, protect consumers, and promote economic growth. They can include tariffs, which are taxes on imported goods, and quotas, which limit the quantity of certain products that can be imported.
Countries often negotiate trade agreements, such as those facilitated by organizations like the World Trade Organization (WTO), to create a more predictable trading environment. These agreements help reduce trade barriers and encourage cooperation among nations, ultimately benefiting consumers and businesses worldwide.