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 ?
He said that the Pakistan's liberal trade policies provided ample opportunities to the investors of Hong Kong.
has often been criticized for its liberal trade policies, its free flow of capital, goods, and intellectual capital.
He said that Sri Lanka offer huge opportunities in gem and jewelry, rubber, garments, hospitality, services and there is a need to take advantage by liberal trade policies of the Sri Lankan government.
He said that Sri Lanka offers huge opportunities in gem and jewelry, rubber, garments, hospitality, services and there is a need to take advantage by liberal trade policies of the Sri Lankan government.
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. Another examines ADBs recent efforts to bring shipping services to remote areas in PNG and Solomon Islands.
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.