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what is barrier in trade?

barrier trade

Asked by: teang_chealy 221 days ago - 2 Answers - 666 views

2 Answers

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Any form of governmental or operational activity or restriction that renders importation of some goods into a country difficult or impossible. tariffs are an example; so is the plethora of regulations and inspections that hamper importation of automobiles into Japan.

Answer by simple 220 days ago
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Definition
Government imposed restriction on the free international exchange of goods or services. Trade barriers are generally classified as (1) import policies reflected in tariffs and other import charges, quotas, import licensing, customs practices, (2) standards, testing, labeling, and various types of certification, (3) direct procurement by government, (4) subsidies for local exporters, (5) lack of copyright protection, (6) restrictions on franchising, licensing, technology transfer, (7) restrictions on foreign direct investment, etc.

Answer by simple 220 days ago

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