What is difference between trade barrier and liberalisation ?
Answers
The basic difference between trade liberalization and free trade is on the barriersplaced to the open flow of merchandise across borders. Trade liberalization means less regulation while Free Trade means no tariffs or restrictions conducted such as trade in the United States among its constituent states.
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Answer:
Liberalisation of foreign trade implies removal of trade restrictions or barriers set by the government. Trade barriers, on the other hand implies restrictions imposed by the government on trade. ... Government uses trade barriers to make decisions of the entry of goods and its quantity in the country.
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