- Trade barrier
A trade barrier is a general term that describes any government policy or regulation that restricts
international trade. The barriers can take many forms, including the following terms that include many restrictions in international trade within multiple countries that import and export any items of trade.
* Import duties
Non-tariff barriers to trade
Voluntary Export Restraints
Local Content Requirements
Most trade barriers work on the same principle: the imposition of some sort of
coston trade that raises the price of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade warresults.
Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency, this can be explained by the theory of comparative advantage. In theory,
free tradeinvolves the removal of all such barriers, except perhaps those considered necessary for health or national security. In practice, however, even those countries promoting free trade heavily subsidize certain industries, such as agricultureand steel.
Examples of free trade areas
North American Free Trade Agreement(NAFTA)
South Asia Free Trade Agreement(SAFTA)
European Free Trade Association
Union of South American Nations
Other trade barriers include differences in culture, customs, traditions, laws, language and currency.
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Look at other dictionaries:
trade barrier — ˈtrade ˌbarrier noun [countable] another name for barrier to trade * * * Artificial restraint on the free exchange of goods and services between countries, usually in the form of tariffs, subsidies, quotas or exchange controls. * * * trade… … Financial and business terms
trade barrier — noun any regulation or policy that restricts international trade • Syn: ↑import barrier • Hypernyms: ↑protectionism • Hyponyms: ↑quota, ↑embargo, ↑trade embargo, ↑trade stoppage … Useful english dictionary
trade barrier — any regulation or policy that restricts international trade, esp. tariffs, quotas, etc. * * * … Universalium
trade barrier — Any action by a government that restricts free trading between organizations within that country and the world outside. Tariffs, quotas, embargoes, sanctions, and restrictive regulations all present barriers to free trade … Big dictionary of business and management
trade barrier — An impediment to a *free market in the *trade of goods or services. See also *protectionism and *tariff … Auditor's dictionary
trade barrier — /ˈtreɪd bæriə/ (say trayd bareeuh) noun a restraint placed on the free flow of goods between two or more countries, thus reducing the overall volume of trade … Australian English dictionary
trade barrier — / treɪd ˌbæriə/ noun a limitation imposed by a government on the free exchange of goods between countries (NOTE: NTBs, safety standards and tariffs are typical trade barriers.) … Marketing dictionary in english
trade barrier — / treɪd ˌbæriə/ noun a limitation imposed by a government on the free exchange of goods between countries. Also called import restriction (NOTE: NTBs, safety standards and tariffs are typical trade barriers.) … Dictionary of banking and finance
non-tariff trade barrier — A non monetary barrier to a foreign product or service, such as a bias against a foreign company s product standards or a rejection of a foreign country s political record … Big dictionary of business and management
barrier to trade — ˌbarrier to ˈtrade noun barriers to trade PLURALFORM [countable] ECONOMICS COMMERCE something that makes trade between two countries more difficult or expensive, for example a tax on imports; = TRADE BARRIER: • Companies have located production… … Financial and business terms