types of protectionism Flashcards
1
Q
importance licence
A
license issues by national gov authorising the importation of goods from a particular source
2
Q
import quota
A
set limits on the quantity of goods that can be brought into a country
3
Q
voluntary export restraints
A
diplomatic strategy used to appear the importing country and deter it from imposing trade barries
4
Q
emargoes
A
partial or complete prohibition of commerce and trade with a particular country
5
Q
trade restrictions
A
other trade restrictions such as regulatory obstacles e.g meeting ‘British standards’
6
Q
Subsidies
A
grants awarded to producers on the domestics market to help ensure they remain competitive against imported goods
