Liberal Trade Policy

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Liberal Trade Policy

The policy in which a country reduces its tariffs and other trade barriers, often in conjunction with other countries. Liberal trade policies are intended to encourage international trade, which fuels economic growth. However, some economists and others believe liberal trade policies can be harmful because they are detrimental to domestic industries unable to compete with their foreign counterparts.
References in periodicals archive ?
Brexit will deprive Ireland of her biggest ally in Europe on liberal trade policies and respect for national sovereignty on taxation.
Rice, tobacco and coffee followed, thanks to plentiful land, slave labor and liberal trade policies.
A piece on improving connectivity through trade policy in Timor-Leste provides an interesting case study on the limits of liberal trade policies.
The Prime Minister said that Pakistan's liberal trade policies provide ample opportunities to the investors of Hong Kong.
Liberal trade policies have spurred competition from Asian imports and have led to downgrading within local industries.
The country has one of the most liberal trade policies, FDI frameworks, land acquiring provisions and completely endorses EU economic policies, even those that are mandatory only for the Eurozone.
Hong Kong's liberal trade policies have made the country, alongside Singapore, a leading reinsurance hub in the Asia-Pacific region
The liberal trade policies of China and Nepal, allow the two neighbors to easily improve their bilateral trade relations.
Over the last 20 years DED has complemented economic development in Dubai through diverse activities, chiefly, facilitating business creation, protecting the rights of businesses and consumers, fostering retail trade, promoting and assisting SMEs, attracting foreign direct investment, helping exporters to leverage the liberal trade policies in Dubai, and contributing to the strategic planning of an increasingly diversified economy," Al Qamzi said.
The governments of GCC countries are planning to raise their domestic production via investments in the pharmaceutical industry and adaptation to liberal trade policies and international healthcare standards.
COLOMBO, November 29, 2010 (Frontier Star): President Asif Ali Zardari Monday offered assistance to Sri Lanka in cement, sugar and dairy industry and urged Pakistani and Sri Lankan businesses to benefit from liberal trade policies of either country, through joint ventures and investment.
Bahrain's attractiveness stems from an open policy to foreign investment, liberal trade policies and a light tax system.