Trade liberalization - liberalization of trade

Japanese: 貿易自由化 - ぼうえきじゆうか（英語表記）liberalization of trade

To promote international trade, it is necessary to eliminate or relax as much as possible artificial measures that hinder trade transactions. Specifically, it is necessary to abolish or relax import restrictions such as quantitative restrictions on certain import items and foreign currency quotas imposed by governments. After the bitter experience before World War II, developed countries quickly established the International Monetary Fund and General Agreement on Tariffs and Trade (GATT) and embarked on trade and exchange liberalization after the war. In Japan, rapid progress was made in the early 1960s, and it has been carried out in stages since then.

Source: Encyclopaedia Britannica Concise Encyclopedia About Encyclopaedia Britannica Concise Encyclopedia Information

Japanese:

国際貿易の活発化をはかるため，貿易取引の阻害要因となっている人為的措置をできるかぎり撤廃，緩和すること。具体的には，政府による特定輸入品目に対する数量制限や外貨割当てによる輸入制限などを廃止またはゆるめること。第2次世界大戦前の苦い経験から，先進諸国は戦後いちはやく国際通貨基金，ガット GATTを創設して貿易，為替の自由化に乗出した。日本においては 1960年代前半に急速に進展し，その後も段階的に行われている。

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