Definitions for trade barrier
trade bar·ri·er

Princeton's WordNetRate this definition:4.0 / 1 vote

1. trade barrier, import barriernoun

   any regulation or policy that restricts international trade

WikipediaRate this definition:0.0 / 0 votes

1. Trade barrier

   Trade barriers are government-induced restrictions on international trade. According to the theory of comparative advantage, trade barriers are detrimental to the world economy and decrease overall economic efficiency. Most trade barriers work on the same principle: the imposition of some sort of cost (money, time, bureaucracy, quota) on trade that raises the price or availability of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade war results. Barriers take the form of tariffs (which impose a financial burden on imports) and non-tariff barriers to trade (which uses other overt and covert means to restrict imports and occasionally exports). 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.

ChatGPTRate this definition:0.0 / 0 votes

1. trade barrier

   A trade barrier is a government-imposed policy or regulation that restricts international trade. It can take various forms, including tariffs, quotas, embargoes, subsidies or any other government regulations or policies that limit or prevent trade across borders. These barriers can be established for various reasons, such as protecting domestic industries and jobs, promoting economic growth, or addressing unfair trade practices.

WikidataRate this definition:0.0 / 0 votes

1. Trade barrier

   Trade barriers are government-induced restrictions on international trade. The barriers can take many forms, including the following: ⁕Tariffs ⁕Non-tariff barriers to trade ⁕Import licenses ⁕Export licenses ⁕Import quotas ⁕Subsidies ⁕Voluntary Export Restraints ⁕Local content requirements ⁕Embargo ⁕Currency devaluation ⁕Trade restriction 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. Trade barriers are often criticized for the effect they have on the developing world. Because rich-country players call most of the shots and set trade policies, goods such as crops that developing countries are best at producing still face high barriers. Trade barriers such as taxes on food imports or subsidies for farmers in developed economies lead to overproduction and dumping on world markets, thus lowering prices and hurting poor-country farmers. Tariffs also tend to be anti-poor, with low rates for raw commodities and high rates for labor-intensive processed goods. The Commitment to Development Index measures the effect that rich country trade policies actually have on the developing world.

Matched Categories

1. • Protectionism

How to pronounce trade barrier?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say trade barrier in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of trade barrier in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of trade barrier in Pythagorean Numerology is: 2

Examples of trade barrier in a Sentence

1. Prabianto Mukti Wibowo:

   The zero deforestation commitment should not be a trade barrier because deforestation is a governance issue and about effective implementation, not about trade.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=trade barrier
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Trade_Barrier
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=trade barrier