What Are 2 Types of Trade Barriers?


0

Trade Barriers

Advertisement

One of the most important features of International trading environment is the existence of trade barriers, The main objective of imposing trade barriers are to protect domestic industries from foreign competition, to promote indigenous research and development, to consence foreign exchange resources of the country, to make balance of position favorable, to curt over-consumption, to mobilize revenue for the govt. and to discriminate against certain countries.

 

There are basically two types of trade barriers:-

 

  1. Tariff:- Tariffs in International trade refer to the duties/ taxes imposed on internationally traded goods when they cross the national borders.

 

  1. Non-Tariff Barriers:- NTB’s have grown considerably where the countries describe thus as new protectionist measures the export growth of many countries has been. Seriously affected by NTB’s.

 

Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contact@bms.co.in.

Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contact@bms.co.in.

45 Comments

Ask Us On WhatsApp
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format