In international trade negotiations, which of the following is the most common objective for countries involved in multilateral trade talks?

CA Foundation · Business Economics · MTP · April 2025
In international trade negotiations, which of the following is the most common objective for countries involved in multilateral trade talks?
(A) A. To increase tariffs and protect domestic industries
(B) B. To reduce trade barriers and promote free trade
(C) C. To restrict foreign competition through quotas
(D) D. To enhance domestic subsidies for agricultural sectors

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. To reduce trade barriers and promote free trade

Topics: International Trade

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