Question

What are trade barriers ?? ​

Answer 1

Answer:

Trade barriers unjustifiably prevent your business succeeding in exporting. You may have different ways of describing them. They all mean the same thing.

They’re often called:

• red tape

• roadblocks to export

• price controls

• subsidies

• government rules/procedures

• arbitrary rules and decisions

• goods delayed at the border

Types of trade barriers: tariff and non-tariff

AND

Examples of barriers

• administrative procedures

• quantity restrictions (such as quotas)

• licensing requirements

• data storage requirements

• privacy requirements

• board director requirements

• procurement rules

Answer 2

Answer:

Trade barriers are government-induced restrictions on international trade. Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency; this can be explained by the theory of comparative advantage.