Discuss the types of trade barriers, their implications on the market and how international organisations act to restrict and regulate these barriers.© BrainMass Inc. brainmass.com December 24, 2021, 9:15 pm ad1c9bdddf
There are several types of trade barriers and they restrict imports. Some may be in the form of a tariff, anti-dumping measures, and countervailing duties. Currently there are many organizations like the North American Free Trade, The European Union, and the World Trade Organization that restrict the use of tariffs. The origins of these can be traced to the General Agreement on Tariffs and Trade (GATT) that was established in 1947. The GATT remained ...
This solution gives a detailed discussion on trade barrier regulations by international companies such as the WTO.