Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter 2: Barriers to world trade (p43-44) - Coggle Diagram
Chapter 2: Barriers to world trade (p43-44)
Tarrifs
'A tax placed on imported or exported good involved in international tarde
Quantitative restrictions (non-tarif barrier)
Quotas
Numerical export control
Embargos
Voluntary export restraints
'Trade barriers that impose a numerical limit on the quantity of a good that may be imported or exported'
Restricts foreign firm market share within a domestic market
Restrictive practices (non-tarif barrier)
'Government laws, regulations, policies or procedures that impede international trade'
Product or testing standard
Restricted access to distribution networks
public sector procurement policies
local-purchase agreements
regulatory controls
Currency controls
Investment controls
Non-tariff barriers
Nations are using non-tariffs to gain competitive advantage in domestic markets
An example would be subsidies on US wheat
Protectionism