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Trade liberalisation


Goods and services have been traded internationally for centuries. Historically, this trade has been controlled by governments, either through force or through import and export taxes (tariffs), subsidies and other regulations. But, whatever the method of intervention, the aim has always been to maintain favourable terms of trade for the country exercising these measures.

The support by government of national interests, through tariff and non-tariff measures, is known as aa

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