Trade laws are regulations that govern how goods and services are exchanged between countries. These laws help to ensure fair competition, protect consumers, and promote international trade. They can include tariffs, which are taxes on imported goods, and quotas, which limit the amount of a product that can be imported. Countries often negotiate trade agreements to reduce barriers and enhance trade relations. Organizations like the World Trade Organization (WTO) play a crucial role in overseeing these agreements and resolving disputes. By establishing clear rules, trade laws aim to create a stable environment for businesses and consumers alike.