abhishreshthaa
Abhijeet S
Trade barriers may be defined as “artificial barriers/ restrictions imposed by countries on imports and exports of goods from other countries.”
Trade barriers are artificial restrictions imposed by countries on trading and commercial activities between different countries. Such barriers restrict imports as well as exports .various methods used for regulating international trade are called instruments of trade policy and include tariffs and other non-tariff barriers.
Countries impose various regulations and controls on foreign trade for different purposes. Even rich and developed countries like the USA and Japan do not follow free trade policy. Artificial barriers are imposed on political and economic grounds.
Basically, such controls are for restricting imports from other countries. Tariffs, Quotas, Taxes, Duties, Foreign Exchange Restrictions are used as methods for restricting free movement of goods between different countries. All such obstacles are called TRADE BARRIERS.
Trade barriers are undesirable as they are against free trade among different countries. Free trade is an ideal situation. Economists have advocated strong case in favour of free trade since long.
However, in reality international trade was not completely free even in olden days. Moreover, it is not likely to be completely free in the near future. However, efforts are being made by WTO and other international organizations for removing various trade barriers on international marketing.
Such efforts have not given substantial positive results.
Trade barriers are artificial restrictions imposed by countries on trading and commercial activities between different countries. Such barriers restrict imports as well as exports .various methods used for regulating international trade are called instruments of trade policy and include tariffs and other non-tariff barriers.
Countries impose various regulations and controls on foreign trade for different purposes. Even rich and developed countries like the USA and Japan do not follow free trade policy. Artificial barriers are imposed on political and economic grounds.
Basically, such controls are for restricting imports from other countries. Tariffs, Quotas, Taxes, Duties, Foreign Exchange Restrictions are used as methods for restricting free movement of goods between different countries. All such obstacles are called TRADE BARRIERS.
Trade barriers are undesirable as they are against free trade among different countries. Free trade is an ideal situation. Economists have advocated strong case in favour of free trade since long.
However, in reality international trade was not completely free even in olden days. Moreover, it is not likely to be completely free in the near future. However, efforts are being made by WTO and other international organizations for removing various trade barriers on international marketing.
Such efforts have not given substantial positive results.