OPPORTUNITIES FOR ACHIEVING BALANCED FOREIGN TRADE
OPPORTUNITIES FOR ACHIEVING BALANCED FOREIGN TRADE

Summary/Abstract: Today, very few countries decide on a fully liberalized foreign trade. Domestic companies, in countries with a trade deficit, find it hard to compete with foreign companies that are, more often than not, serious competition. In that regard, domestic manufacturers require protection by limiting imports and subsidizing exports. However, the use of such measures by the state in the contemporary international relations increasingly limited, primarily by the World Trade Organization and International Monetary Fund. From the above it can be concluded that the possibilities to improve the position in the balance of trade are very limited. In this sense, foreign direct investments, which are exportoriented, would be highly desirable from the standpoint of reducing the high deficit in foreign trade.

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