Practicing Success
Which of the following deals with the process of simplification of Import-Export? |
Liberalisation Privatisation Globalisation Liberalisation and privatisation |
Liberalisation |
Liberalisation refers to the process of reducing government restrictions and regulations on economic activities, including international trade. In the context of import-export, liberalisation involves simplifying and easing the rules and regulations related to cross-border trade. This can include reducing tariffs, removing trade barriers, and promoting a more open and competitive international trade environment. |