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WordNet-Online
Definitions from WordNet
Noun trade barrier has 1 sense
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Definitions from the WebTrade BarrierA trade barrier refers to any measure or policy that restricts or hinders the free flow of goods, services, or investments between different countries. These barriers are enacted by governments in order to protect domestic industries, regulate imports and exports, or maintain certain economic policies. Senses:Noun:1. Tariffs: Trade barriers can take the form of tariffs, which are taxes imposed on imported goods, making them more expensive and less competitive compared to domestically produced goods. Example sentence: The government's decision to increase trade barriers by imposing higher tariffs on foreign steel imports has resulted in a significant increase in the price of steel products in the country. Noun:2. Quotas: Another trade barrier is the implementation of import quotas, which restrict the quantity of certain goods that can be imported into a country within a specific period of time. Example sentence: The agricultural industry demanded the government to impose trade barriers in the form of import quotas on foreign grains in order to protect local farmers and ensure sufficient demand for domestically grown crops. Noun:3. Embargoes: Trade barriers can also be in the form of embargoes, which completely prohibit trade with specific countries or block certain goods from being imported or exported. Example sentence: The international community rallied together to impose trade barriers in the form of an embargo on arms sales to the war-torn country in an attempt to reduce violence and promote peace in the region. Noun:4. Technical Standards and Regulations: Trade barriers can encompass technical standards and regulations that certain products must meet before they can be imported. These standards can be used as a barrier to protect consumers, ensure the quality of goods, or prevent potential health and safety risks. Example sentence: The trade barrier introduced by the government requires all imported electrical devices to comply with a set of technical standards and safety regulations to guarantee the safety of consumers. Related products:To learn more about trade barriers and their impact on international trade, you can explore the following books available on Amazon: | ||||
trade-last trade-liberalizing trade-name trade-off trade-up trade trade acceptance trade balance trade barrier trade bill trade book trade cycle trade deficit trade discount trade edition trade embargo trade expense
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