1. What do you understand by liberalisation of foreign trade? – InterviewSolution

1.	1. What do you understand by liberalisation of foreign trade?
Answer» Trade liberalizationis the removal or reduction of restrictions or barriers on the freeexchangeof goods between nations. This includes the removal or reduction of tariff obstacles, such as duties and surcharges, and nontariff obstacles, such as licensing rules, quotas and other requirements.

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