In international trade there are two types of barriers to trade: Tariff and non-tariff. As a...

In international trade there are two types of barriers to trade: Tariff and non-tariff.

As a guide:

Worldwide, governments use three types of tariff barriers when valuing an imported product and to assess duties due that government.

In addition, they may use two types of non-tariff barriers: monetary and market.

Question

Identify 5 market barriers and give a brief 1 to 2 line explanation of what each one means & how will these barriers affect your decisions when taking your business overseas?

Expert Solution

Rahul Sunny answered 7 months ago

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