Definition
A trade barrier is any government policy, regulation, tariff, quota, or other restriction that impedes or obstructs the free flow of goods and services between countries or regions. Trade barriers are imposed to protect domestic industries, regulate imports or exports, promote national security, or achieve other economic or political objectives. Trade barriers may include tariffs, import quotas, subsidies, product standards, customs procedures, or licensing requirements that limit or discourage international trade and investment. Trade barriers can distort market competition, hinder economic growth, and contribute to trade disputes between trading partners.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.