Why are trade barriers imposed on the foreign trade and investment in

1.	Why are trade barriers imposed on the foreign trade and investment in a country? Explain with the help of two illustrations.
Answer» Trade barriers are used by the governments – i. To increase, decrease or regulate foreign trade. ii. To decide what kinds of goods and how much of each, should come into the country. iii. To protect the producers within the country from foreign competition.

Why are trade barriers imposed on the foreign trade and investment in a country? Explain with the help of two illustrations.

Answer»

Trade barriers are used by the governments –

i. To increase, decrease or regulate foreign trade.

ii. To decide what kinds of goods and how much of each, should come into the country.

iii. To protect the producers within the country from foreign competition.

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Why are trade barriers imposed on the foreign trade and investment in a country? Explain with the help of two illustrations.

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