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Trade barrier

 
Business Dictionary: Trade Barrier

Any form of governmental or operational activity or restriction that renders importation of some goods into a country difficult or impossible. Tariffs are an example; so is the plethora of regulations and inspections that hamper importation of automobiles into Japan.

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Economics Dictionary: trade barriers
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Tariffs, import quotas, customs regulations, and other disincentives meant to discourage international trade.

  • Trade barriers are usually protectionist; that is, they are erected to protect domestic producers who would not be able to compete successfully with foreign producers in a free market or in free trade.

  • WordNet: trade barrier
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    Note: click on a word meaning below to see its connections and related words.

    The noun has one meaning:

    Meaning #1: any regulation or policy that restricts international trade
      Synonym: import barrier


    Wikipedia: Trade barrier
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    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:

    Most trade barriers work on the same principle: the imposition of some sort of cost on trade that raises the price of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade war results.

    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 trade involves 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 agriculture and steel.

    Examples of free trade areas

    Other trade barriers include differences in culture, customs, traditions, laws, language and currency. Also trade barrier is including culture etc.

    See also



     
     

     

    Copyrights:

    Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
    Economics Dictionary. The New Dictionary of Cultural Literacy, Third Edition Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin. All rights reserved.  Read more
    WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more
    Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Trade barrier" Read more