ACHIEVING SUSTAINABLE ECONOMIC GROWTH THROUGH IMPROVING FOREIGN TRADE POLICY IN THE CONTEXT OF GLOBAL INTEGRATION

This article analyzes the issues of achieving sustainable economic growth through improving foreign trade policy in the context of global integration from a theoretical and practical perspective. In the current era of globalization, the integration of countries into world markets has become one of the important factors of economic development. According to the World Bank, an increase in foreign trade has had a positive impact on economic growth rates, and in countries where trade has been liberalized, GDP growth has accelerated by an average of 1–1.5 percent. Also, through international trade, production efficiency has increased, the competitive environment has strengthened, and the processes of introducing innovations have been activated. The article highlights the role of foreign trade policy in the development of export-import processes, its importance in reducing trade barriers and ensuring economic stability, and develops scientific conclusions and practical recommendations for the formation of an effective trade policy in the context of modern global challenges.