national trading policy

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National Trading Policy

Definition: A national trading policy is a set of rules and guidelines created by a government to control how a country trades with other countries. This can include rules on what goods can be imported or exported, tariffs (taxes on goods coming into the country), and regulations that businesses must follow when they trade.

Usage Instructions

• Noun: You can use "national trading policy" in sentences where you discuss trade, economics, or government regulations. It is often used in discussions about international relations or economic strategies.

Example:

• "The government's new national trading policy aims to boost exports and reduce imports to support local businesses."

Advanced Usage:

• In discussions about economics, you might say: "The effectiveness of a national trading policy can significantly influence a country's economic growth and international competitiveness."

Word Variants:

• Trade Policy: This term is often used interchangeably with "national trading policy," though it may refer to broader aspects of trade, not just those specific to a nation.
• International Trade Agreements: These are contracts made between countries to establish the rules of trade, often influenced by national trading policies.

Different Meanings:

• While "national trading policy" specifically refers to government policies, "trading policy" in a business context can also refer to a company's own guidelines for buying and selling goods.

Synonyms:

• Trade regulations
• Trade policy
• Economic trade policy
• Foreign trade policy

Idioms and Phrasal Verbs:

While there are no specific idioms or phrasal verbs directly related to "national trading policy," understanding some related phrases can be helpful: - "Open up trade" means to make it easier for countries to trade with each other. - "Trade barriers" refer to government-imposed restrictions that make trading more difficult, often a focus of national trading policy discussions.

Academic

Noun

1. a government's policy controlling foreign trade

Synonyms

• trade policy