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Types of trade restrictions

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Types of trade restrictions

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Types of trade restrictionsOnline version

Types of trade restrictions

by janice leung
1

Types of trade restrictions :

1 . ( or called import duty ) : is a taken on imported goods to raise the price of foreign goods and protect the home market .

2 . Import : is a limit on the of a product to enter the country during a given of time .

3 . : a straightforward government on trading with a particular country or in a product .

4 . Foreign control : a on the of foreign currency that can be purchased or sold . It will affect the of goods importers can purchase with that currency .

5 . Currency : a country can the value of its money to the of other countries . This will the cost of goods , while it decreases the cost of local goods .

6 . Bureaucratic red tape : this may include unnecessarily prolonging the procedures for obtaining licences or certifications .

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