Trade liberalization has led to increased competition in the market.
Либерализация торговли привела к усилению конкуренции на рынке.
Definitions
Trade liberalization refers to the process of reducing or eliminating trade barriers, such as tariffs, quotas, and regulations, to promote free trade between countries. This aims to enhance economic efficiency, increase competition, and provide consumers with a wider variety of goods and services at lower prices.
