trade regulations
Trade regulations are rules and laws that govern how goods and services are exchanged between countries. These regulations aim to ensure fair competition, protect consumers, and promote economic stability. They can include tariffs, which are taxes on imported goods, and quotas, which limit the amount of a product that can be imported.
Governments create trade regulations to support local industries and maintain safety standards. Organizations like the World Trade Organization (WTO) help countries negotiate and enforce these rules. By following trade regulations, nations can foster international trade while addressing issues like environmental protection and labor rights.