Objectives of Market Trade Policy:

Promote Economic Growth:
Market trade policies aim to promote economic growth by facilitating trade between countries, attracting foreign investment, and creating a competitive market environment. This helps in boosting the overall economic development of a country.

Ensure Fair Competition:
One of the key objectives of market trade policy is to ensure fair competition among domestic and foreign producers. This involves implementing regulations and tariffs to prevent unfair practices such as dumping and subsidies that distort the market.

Protect Domestic Industries:
Market trade policies also aim to protect domestic industries from foreign competition. This can be achieved through the imposition of tariffs, quotas, and other trade barriers to safeguard the interests of domestic producers.

Improve Global Market Access:
By negotiating trade agreements and reducing tariffs, market trade policies aim to improve access to global markets for domestic producers. This helps in expanding the export market and increasing the competitiveness of domestic goods and services.

Promote Innovation and Technology Transfer:
Market trade policies encourage innovation and technology transfer by exposing domestic industries to international competition and best practices. This can lead to improved productivity, efficiency, and competitiveness in global markets.
In conclusion, the objectives of market trade policy are multifaceted, aiming to promote economic growth, ensure fair competition, protect domestic industries, improve global market access, and promote innovation and technology transfer. These objectives are essential for the overall development and competitiveness of a country in the global market.