China's Trade Policy
Introduction
Trade policy includes the regulations and policies that determine how a country runs trade with other countries. A country's trade policy includes the use of tariffs, quotas and other trade barriers, such as what exported and imported products they will put these restrictions, and which countries can export and import to the home country.
Economic union consists of group of countries that have single trade policy and this common trade policy determines how member countries can interact with other countries that are not including into the union. We can show European Union as an example that has common trade policy for its all members. Trade policy is negatively impacted because of using tariffs; quotas and other trade barriers,
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First of all I would like to mention that China - is one of the world powers nowadays. International trade in China is the most developed form of foreign economic relations. It should be noted that the share of China in world trade over the period has increased rapidly and today is about 8%. Generally, China’s trade policy system can be characterized as, reactive, unpredictable and in-transparent.
Over a time period China’s volume of export exceeds the volume of import and has caused trade surplus. In general, in production of certain goods, such as textile, coal, cars, refrigerators, bicycles China set the first place in the world and has second place in the production of electricity. In November 2001 China joined the World Trade Organization and this was important issue to China. In this case, China's international trade has shifted away from purchasing sets of equipment to the procurement of key equipment and soft technologies since in this case, the acquisition of equipment and technology gives China a potential on the basis of reconstructed enterprises establish its own production of progressive products, and reach a higher level of technological
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In order to achieve these goals, in the future, China will continuously improve and adjust its trade policy in terms of trade, fees, import, forms, trade in services, etc. The measures of Chinese authorities to develop and stabilize international trade are effective and very promising for further development of international trade and partnership with other countries in the economic area. In next 10 years China could become a vital player in the international trade area, competing successfully with the current
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