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Module-Ii Commercial Policy: Commerce

Commercial policy governs how companies and individuals conduct commerce between countries. It includes regulations like tariffs, import quotas, export constraints, and rules around foreign companies operating domestically. Commercial policy aims to support domestic industries through subsidies and taxes on foreign goods. It is a fundamental role of government, especially in the US where tariffs originally funded the federal government.

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42 views

Module-Ii Commercial Policy: Commerce

Commercial policy governs how companies and individuals conduct commerce between countries. It includes regulations like tariffs, import quotas, export constraints, and rules around foreign companies operating domestically. Commercial policy aims to support domestic industries through subsidies and taxes on foreign goods. It is a fundamental role of government, especially in the US where tariffs originally funded the federal government.

Uploaded by

Ashutosh Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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MODULE-II

Commercial Policy

Commercial policy is an umbrella term that describes the regulations and policies that dictate
how companies and individuals in one country conduct commerce with companies and
individuals in another country. Commercial policy is sometimes referred to as trade policy or
international trade policy.

BREAKING DOWN Commercial Policy

Commercial policy is one of the most fundamental purposes of government. In the United States,
the administration of commercial policy is a role the federal government has assumed since the
country’s founding, with tariffs on imported goods being the main source of funding for the
federal government from America’s beginning until the early twentieth century.

Tariffs, or taxes levied to the sale of foreign goods is a home country, is just one element of
commercial policy. Other policies that fall under the heading of commercial policy include
import quotas, export constraints, and restrictions against foreign-owned companies operating
domestically. Another major element of commercial policy are government-provided subsidies to
domestic industries that enable those companies to better compete with their counterparts abroad.

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