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Tag Archives | Barriers

Non-Tariff Barriers to Trade | International Trade | Economics

The trade barriers other than import quotas include voluntary export restraints, technical, administrative and other regulations, trade restrictions due to international cartels, dumping and export subsidies. During the recent decades, many countries have started relying increasingly upon these forms of protectionism. 1. Voluntary Export Restraints (VER): These restraints refer to a situation in which the […]

Effects of Import Quotas: 7 Effects | International Trade | Economics

The import quotas can have various effects such as price effect, protective or production effect, consumption effect, revenue effect, redistributive effect, terms of trade effect and balance of payments effect. Some of them can be studied under the partial equilibrium analysis while some others under general equilibrium system. However, these effects have been almost exclusively […]

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