Trade Policy

A commercial policy, also referred to as a trade policy or international trade policy, is a government's policy governing international trade. The cited article, titled Commercial policy because the title Trade policy redirects to it, calls it an all-encompassing term that covers topics involving international trade, and says trade policy is often described on a scale between the extremes of free trade, with no restrictions on trade, and protectionism, with high restrictions to protect local producers. A common commercial policy can sometimes be agreed by treaty within a customs union, as with the European Union's common commercial policy and in Mercosur. Policies grouped under this entry are those on trade.