import barrier (Meaning)

Wordnet

import barrier (n)

any regulation or policy that restricts international trade

No Synonyms and anytonyms found

Import barriers impede the flow of goods and services between countries, protecting domestic industries.
High import barriers can lead to inflated prices for consumers and stifled competition in the domestic market.
The World Trade Organization (WTO) aims to reduce import barriers and promote free trade.
Tariffs, quotas, and subsidies are common examples of import barriers.
Non-tariff barriers, such as technical regulations and administrative procedures, can also hinder imports.
Import barriers can protect specific industries from foreign competition, potentially leading to lower consumer prices in the long run.
However, high import barriers can also harm consumers by reducing their access to cheaper and higher-quality goods.
Governments may use import barriers to protect national security interests, such as by limiting the importation of weapons.
Free trade advocates argue that import barriers harm the economy by reducing efficiency and innovation.
Import barriers can have unintended consequences, such as promoting corruption or creating black markets.

any regulation or policy that restricts international trade

No synonyms found.

No antonyms found.

Import barriers impede the flow of goods and services between countries, protecting domestic industries.

High import barriers can lead to inflated prices for consumers and stifled competition in the domestic market.

The World Trade Organization (WTO) aims to reduce import barriers and promote free trade.

Tariffs, quotas, and subsidies are common examples of import barriers.