WORLD HISTORY

Detailed explanation-1: -The most direct barrier to trade is an embargo– a blockade or political agreement that limits a foreign country’s ability to export or import. Embargoes still exist, but they are difficult to enforce and are not common except in situations of war. The most common barrier to trade is a tariff–a tax on imports.

Detailed explanation-2: -In other words, trade barrier means the obstacles which are put in place by the government in order to limit free trade between the national economics.

Detailed explanation-3: -The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.

Detailed explanation-4: -Barriers include administrative procedures, quantitative restrictions (such as quotas), price controls, licensing requirements, product labelling requirements and privacy requirements. Trade barriers take two forms: Tariff barriers-Tariff barriers are taxes imposed by a government on imports or exports of goods.

Detailed explanation-5: -Barriers to trade in services relate almost exclusively to regulatory measures or bureaucracy. National regulation – such as licences, quotas, professional qualifications and immigration rules – determine when and how foreign providers can enter a market.