Essay about China 's Trade Regulation Policies

1277 Words Dec 6th, 2015 null Page
Trade regulation policies are paramount for any country to progress in today’s global world. The fast paced economic activities of 21st century has forced numerous countries to re-evaluate their trade regulation policies, primarily based on their specialization and global niche markets. This article will focus on two separate case studies of China and Ethiopia. Throughout this article we will discuss the past history and prevailing trade regulation policies of these countries and how these polices have affected the macro and micro economic operations with in these countries.
Trade regulation policies can vary based on the imports and exports of the country. China is one of the biggest emerging economies, with immense potential to topple any super power in the world. Since becoming the member of World Trade Organization in December 2011, China became quite liberal in its trade regulation policies. An amendment in China’s Foreign Trade Law in July 2004 allowed all private organizations and firms with in the country to conduct international trade at all levels. This particular amendment not only acts as an incentive for international investors to invest with in China’s economy but also boosts individual small businesses. The regulation to register to trade will allow these companies to grow in size and employ the existing factors of production more effectively. According to reports from WTO, China has reduced its tariff rate for most favored nations from 15.3 percent to 9.4…

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