Trade Protectionism - Major Instruments of Trade Control - Nontariff Barriers: Quantity Controls
4 important questions on Trade Protectionism - Major Instruments of Trade Control - Nontariff Barriers: Quantity Controls
What is a quota?
Why is the term voluntary export restraint conflicting?
Other types of trade barriers include:
- importing, exporting, and currency licensing
- administrative delays
- reciprocal requirements
- services restrictions
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Four main reasons why trade in services is restricted are:
- preference for not-for-profit operations
- Different professional standards
- Immigration
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