In Direction to Reshaping of Foreign Trade Policy

In this research work, the author focuses on the analysis the activity in direction to reshaping of
foreign trade policy. Accordance to the foreign trade policy theory further trade liberalization and
improved framework policies would increase trade and promote growth. It must be emphasized that
openness to trade is associated with higher incomes and growth and there is the need for new
approaches to trade cooperation in light of the forces that are currently re-shaping international
business. What indicates the importance and innovativeness of the research is the presentation of the
new models of foreign trade policy and trade interests. First of all it must underline that in the new
theoretical terms in the demand for trade policy very important is factor specificity. On the other hand
some factors are stuck in their present uses; therefore, factor returns are not equalized throughout a
region’s economy but are industry-specific. The main objective of the research task is to give a
comprehensive analysis of current trends in foreign trade theory and policy and in particular the
models of foreign trade policy, trade interests indicated by export orientation and import sensitivity,
foreign trade policy in different types of authoritarian regimes, protectionism pressures in different
political system, the level of protectionism pressures, the variation in the foreign trade policy, the
liberalization of China foreign trade policy and their effects, the tendencies to international trade
liberalization and the problem of environmental protection, and the tendencies to bilateralism in the
foreign trade policy. It should be stressed that free trade in itself is not responsible for economic
growth, but more significant are the determining macroeconomic stability and increasing investment.