Question

Hi guys......

A group of companies in India wishes to Port high quality ACs from South Korea but have to pay huge import tax on them which would make the ACs very expensive leading to decline their sales. Ascertain the role of import tax in this situation..!!​....plz don't answer joker.​

Answer 1

Hey mate Ur answer is here ...

as we know that when there is high import tax ...it calls trade barriers..

trade barriers reflect liberalisation for a better economy must they had high import tax

this situation actually means that there companies within Thier country is unable to face other multinational companies.....thus they had increased import tax which means trade barriers..

hope it helps..