Impact Of Trade Policies On International Business Operations

Abstract

International trade has become integral to global
economic development, spurred by scientific
advancements, technological innovations, and
increased market integration. The rapid expansion
and regionalization of trade underscore the
necessity for global cooperation, as nations
leverage their comparative advantages to achieve
extensive socio-economic and political goals.
Trade policies are pivotal in shaping international
trade dynamics, affecting market accessibility and
competitive environments. India's experience
highlights how international integration can
enhance trade volumes, market reach, and
economic growth. Businesses aiming for success in
the global market must understand the
international trade system and the role of entities
like the World Trade Organization (WTO). Trade
policies influence various modes of international
business, including exports, joint ventures, and
foreign direct investment, by dictating market entry
barriers and investment regulations. In an
interconnected global economy, businesses must
navigate these complexities to effectively position
themselves in the competitive international
landscape and contribute to both domestic and
global economic prosperity