Commercial Policy
/kəˈmɜːrʃəl ˈpɒlɪsi/
Definitions
- (n.) A government's set of policies regulating commercial and trade activities with domestic and foreign entities.
The country's commercial policy aimed to increase exports while protecting local industries.
- (n.) Rules and regulations governing tariffs, trade agreements, and import-export restrictions enacted by a state.
The new commercial policy introduced stricter tariffs on imported goods to support local manufacturers.
Forms
- commercial policy
Related terms
See also
Commentary
Commercial policy often intersects with international trade law, requiring careful drafting to balance protectionism and trade obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.