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Commerce policy refers to the regulations, laws, and strategies that govern trade and economic interactions between countries or within a country. It encompasses various aspects such as tariffs, trade agreements, import/export regulations, and support for domestic industries. The primary aim of commerce policy is to promote economic growth, protect domestic markets, and enhance international competitiveness while balancing interests of consumers and businesses. Effective commerce policy can foster sustainable economic development and strengthen international relations.

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1w ago

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