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



MA, Business Economics.

Richtopia uses cookies to give you the best online experience. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use.