Thing

Trade barrier

Trade barriers are government-induced restrictions on international trade. The barriers can take many forms, including the following: Tariffs Non-tariff barriers to trade Import licenses Export licenses Import quotas Subsidies Voluntary Export Restraints Local content requirements Embargo Currency devaluation Trade restriction Most trade barriers work on the same principle: the imposition of some sort of cost on trade that raises the price of the traded products.

About the author

HALWEST KARIM

HALWEST KARIM

MA, Business Economics.

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