Protectionist Policy

Protectionism is an economic policy of restricting imports from other countries through methods such as raising tariffs on imported goods. Import quotas and other government regulations.

This protectionist policy is implemented by many countries, although almost all economists understand that the global economy generally Benefits of free trade.

In other words, this protectionist policy is the government's action or policy on international trade in order to support products or services. Domestically, for example, restricting or restricting imports, imposing tariffs on imported products, setting quotas, measures Subsidy administrations etc. They raise import prices, making them more expensive than domestic products.

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Geopolitical

Relating to politics, especially international relations, as influenced by geographical factors.

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Relationship Restoration Policy

There is no single definition of Relationship Restoration Policy , but it seems to be related to the idea of restorative practices or restorative justice, which are ways of repairing or improving relationships that have been harmed by conflict, violence, or injustice. For example, l eaving the G20 summit in New Delhi, President Joe Biden arrived in Hanoi, Vietnam, on Sunday afternoon of 10 September 2023. A visit to Vietnam is something that every US president has been doing since 1995. It is a policy to restore relations after the two countries went through the most bitter pages of history together through the "Vietnam War". In addition to strengthening ties, Vietnam could also have many geopolitical and economic benefits in the current context of increasing competition between the United States and China.

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