Definition
A government imposed restriction on the free international exchange of goods or services.
Trade barriers are generally classified as
- import policies reflected in tariffs and other import charges, quotas, import licensing, customs practices,
- standards, testing, labeling, and various types of certification
- direct procurement by government,
- subsidies for local exporters,
- lack of copyright protection,
- restrictions on franchising, licensing, technology transfer,
- restrictions on foreign direct investment, etc.
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