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Trade barriers - Coggle Diagram
Trade barriers
Non-tariff
Quota
Limit
on the
number
of
products
that can
come into a country
Purpose:
protect domestic industries
from foreign competition
Restrain
Like quota,
voluntary export limit the amount
of product that can be imported in other countries.
Subsidies
Provide
long-term aids
low-interest loans
cash grant
tax deferment
Purpose:
develop and protect companies
in special industries.
Embargo
Cutting off trade
to a certain country because of political reasons.
Purpose:
force target country to change
something they are doing.
Healthy & safe regulations
Apply regulations on health and safety.
Purpose:
protect health of citizens
and r
estrict imports
.
Tariff
Tax on imports
Purpose:
protect domestic industries
from foreign competition.