2/DTP #Dualistic #Trade #policy has following elements: (1) High tariffs and/or low quotas on imports from PRC 🇨🇳 , (2) FTAs with EU, USA, (3) Low tariffs with Rest of World(normal free trade), (4) Industrial policy to import-substitute direct &amp; indirect imports from PRC 🇨🇳.
#Dualistic #Trade #policy