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Preferred term

trade barriers  

Definition

  • Trade barriers can be described as government laws, regulations, policies, or practices that either protect domestic products from foreign competition or artificially stimulate exports of particular domestic products. The intention of these instruments is to raise the price of the traded products by imposing a kind of cost in trade. [Source: Encyclopedia of Business in Today's World; Trade Barriers]

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URI

https://concepts.sagepub.com/social-science/concept/trade_barriers

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