Question:

Economic Trade Question?

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Briefly list and define 3 major types of trade barriers most commonly used

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  1. Che has got a good answer.  Quotas limit the number of products allowed in.  Tariffs tax the product, thus making it more costly and in line with home land products.  Non-tariff barriers are a way to not accept a countries product because it doesn't fit the required standards.  Many of which are a joke.  "We won't take your shrimp because you use nets that trap turtles", kind of  stuff.


  2. http://en.wikipedia.org/wiki/Trade_barri...

    Quotas and tariffs used to be big though before the WTO.  Basically just the non-tariff barriers to trade nowadays.  Things like product standards, regulations, and licensing restrictions.

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