Trade barriers are the artificial restrictions imposed by the governments on free flow of goods
and services between countries. Tariffs, quotas, taxes, duties, foreign exchange restrictions,
trade agreements. and trading blocs are the techniques used for restricting free movement of
goods from one country to the other.
Trade barriers can be broadly classified into two categories
and services between countries. Tariffs, quotas, taxes, duties, foreign exchange restrictions,
trade agreements. and trading blocs are the techniques used for restricting free movement of
goods from one country to the other.
Trade barriers can be broadly classified into two categories
- Tariff barriers or fiscal controls.
- Non-tariff barriers or quantitative restrictions
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