Answered

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Discuss different trade policies that are currently enacted and if they should be updated in some way. Then create your own policy about an area in the economy is currently not addressed in current trade policies.

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The different trade policies are Unilateral Trade Agreement, Bilateral Trade Agreements and Multilateral Trade Agreements.

What are trade policies?

Trade policies are the policies that are made related to the import and export of the goods and services between countries.

There are different trade policies such as import tariffs,  voluntary export restraints, import quotas,  export subsidies, export taxes, etc.

Thus, the different trade policies are  Unilateral Trade Agreement, Bilateral Trade Agreements and Multilateral Trade Agreements.

Learn more about trade policies

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