What's it: Non-tariff barrier is an obstacle to restricting international trade through non-tax or duty instruments. Together with tariff barriers, they form trade barriers. Non-tariff barriers have an impact on the flow of goods
Trade Restriction
Infant Industry Argument: Meaning, Reason to Protect, and Criticism
What's it: The infant industry argument is an economic rationale for the need for trade protectionism. The idea behind this argument is that the new industry is vulnerable to competition. It requires protection from international
Import Tariff: Purposes, Types, Advantages, and Disadvantages
What's it: Import tariff is a tax imposed on the price of imported goods. The government usually charges tariffs as a percentage of the price of imported goods. Alternatively, the tariff is levied as a fixed cost for each unit of goods
Trade Protection: Reasons, Types, Advantages and Disadvantages
What's it: Trade protection is a government policy to limit the flow of exports and imports of goods and services. Protection takes various forms, such as import tariffs, subsidies, quotas, labeling, product safety, and health
Import Quota: Types, Purposes, Methods, Pros and Cons
What's it: An import quota is an import policy by limiting the quantity of product imports over a certain period. The government implemented it to protect domestic industries that were vulnerable to pressure from imported products. Or,
Trade Restriction: Reasons, Types, and Impacts
What's is: Trade restriction refers to the various barriers that make the flow of goods and services between countries immobile. If the barriers come from government policies, we call it trade protection. Trade restrictions affect