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प्रश्न
What do you understand by liberalisation of foreign trade?
लघु उत्तरीय
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उत्तर
Trade liberalisation is the removal or decrease of government-imposed limitations and barriers to the interchange of products between nations. Trade liberalisation allows businesses to freely choose what they want to import or export. Foreign trade liberalisation entails lowering or abolishing import and export tariffs/taxes, as well as removing quotas and other limitations.
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