Question

Why are trade barriers imposed on the foreign trade and investment in a country? Explain with the help of two illustrations.

Answer 1

Trade barriers refer to certain restrictionswhich are imposed by the government for the free exchange or trading of goods and services with the foreign countries. ... 2.There was a fear that the economically strong countrieswould try to establish economic colonialism India through free trade

Answer 2

Answer:

1.To control the international trade.

1.To control the international trade.2.for the protection of local trade and companies.

1.To control the international trade.2.for the protection of local trade and companies.3.For balanced development of the country.

1.To control the international trade.2.for the protection of local trade and companies.3.For balanced development of the country.4.For the development of local industries