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What is Trade Policy: Tariffs and Barriers about?

Chapter 6 discusses international trade policy, focusing on tariffs as a trade policy instrument and the implications of free trade versus trade protectionism. It outlines various trade policy instruments, including tariffs, import quotas, and voluntary export restraints, and examines their effects on social welfare, production, and consumption. Chapter 7 continues with non-tariff barriers and the role of the WTO in promoting fair trade and resolving disputes among member countries.

Author

Dương Mai

Language

EN