International Journal of Foreign Trade and International Business
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P-ISSN: 2663-3140, E-ISSN: 2663-3159
International Journal of Foreign Trade and International Business
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
International Journal of Foreign Trade and International Business
2019, Vol. 1, Issue 1, Part A
Introduction to trade barriers

Nidhi Jain

Tariffs are the most important barriers of trade, and even one of the main purposes of WTO is to reduce tariffs. Before thinking about the legal structure which provides rules of tariffs, we must know about the meaning of tariffs, functions of tariffs and its elements. Tariff is a tax forced on foreign goods before entering into the country and non-tariff barriers are the measures pressed by the government in the favor of domestic products from foreign products. Non-tariff barriers are wider in range. These are made to reduce imports and providing benefits to domestic producers. To balance the economy of the country imposition of these barriers is necessary. Here we will discuss about types of barriers, objectives of trade barriers, and the reasons for government interventions.
Pages : 09-12 | 513 Views | 237 Downloads
How to cite this article:
Nidhi Jain. Introduction to trade barriers. Int J Foreign Trade Int Bus 2019;1(1):09-12.
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