International law recognizes the sovereign right of a nation to grant or withhold permission to do business within its political boundaries and to control where its citizens conduct business.

Question

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This is a foundational principle of international law known as the sovereignty of nations. Every government has the right to regulate commerce and control the activities of foreign businesses and individuals within its borders. This includes the authority to set conditions for entry and exit, determine investment rules, and impose trade barriers like tariffs and quotas. Failure to comply with these regulations can result in legal penalties, fines, and even expulsion from the country.

International Law Recognizes the Sovereign Right of a Nation to Grant