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Trade And Economic Relations In Developing Countries

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Running Head: TRADE AND ECONOMIC RELATIONS IN DEVELOPING NATIONS Trade and Economic Relations in Developing Countries Institutional Affiliation Date 1 TRADE AND ECONOMIC RELATIONS IN DEVELOPING COUNTRIES 2 Question 1 Economic Policy If I was in the position of president for a develop-ping country, I would recommend the adoption of the free trade agreement as a form of economic policy towards the neighboring countries. A free trade agreement refers to treaties signed by countries for the regulation of duties, tariffs, and taxes imposed on exports and imports by a government (Paul, 2019). Thus, by the adoption of the free trade treaties, more stable as well as transparent investment and trading environments are created, making it easier for the importation and export of goods and services to markets of the partner. Increase Net Exports It is usually the aim of every economy positive ...
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