NTA-NET (UGC-NET) Commerce (08) International Business-Structure of India's Foreign Trade Study Material (Page 1 of 5)

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Trade Agreement

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Trade agreement are when two or more nations agree on terms and trade between them. They determine tariff and duties that countries impose on import and export.

Three types of trade agreement are:

1. Unilateral trade agreement

It occurs when a country impose trade restrictions and no country (other) reciprocates . A country can loosen trade restrictions , but that rarely happens.

2. Bilateral trade agreement

Both countries loosen trade re…

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Exim Policy of India: Objectives of EXIM Policy, Important Elements of the New EXIM Policy of India for 2015 - 20

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Exim Policy of India

  • Export-Import (EXIM) Policy or Foreign Trade Policy (FTP) is a broader framework in which all the export and import activities are governed in a country. It consists of general provisions, and rules and regulations for import and export activities in different s…

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