Trade Sanction

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Trade Sanction

One or more trade barriers that a country places upon another country as a punitive action. A country may institute a trade sanction because it disagrees with its trade policies; for example, if country A subsidizes domestic corn so that it reduces demand for country B's imports, country B may restrict the import of country A's wheat as punishment. Alternatively, a trade sanction may occur when two countries disagree on a more fundamental level. A trade sanction should not be confused with an economic sanction.
References in periodicals archive ?
The US imposed economic and trade sanctions on Sudan in 1997 in response to its alleged connection to terror networks and human rights abuses.
government to impose trade sanctions to compel compliance with international conservation agreements.
TEHRAN (FNA)- Iran would be able to supply weapons to its allies in the region with the full blessing of the international community, because the nuclear deal being prepared in Vienna includes partial lifting of arms trade sanctions, a source close to the talks said, Russian media reported.
No countries were identified as "priority foreign countries," a designation that can lead to trade sanctions or other action.
Trade sanctions will be eased only in a phased process after Tehran has demonstrated that it is implementing the deal's provisions.
Up to 30 per cent of this year s fish quotas affected by the Russian trade sanctions could be banked until next year according to EU Commissioner Damanaki.
The European Union "shot itself in the foot" by imposing trade sanctions on Russia over the Ukraine conflict, Hungarian Prime Minister Viktor Orban said in a radio interview on Friday.
deal to end over a decade of trade sanctions imposed on Iran, it is very
After months of negotiations, BNP admitted to violating US trade sanctions by processing billions of dollars in illegal transactions on behalf of clients in Sudan, Cuba and Iran.
others: Economic and trade sanctions being imposed on Russia by the United States, Canada, Japan and the European Union fail to meet key World Trade Organization criteria governing such actions, according to Russian Ministry of Economic Development official Maxim Medvedkov.
In January the EU granted 'limited, temporary and targeted relief' on a range of financial and trade sanctions imposed in 2010 and 2012 designed to curtail the country's nuclear programme.
Summary: Renault SA is readying to resume the export of car parts to Iran pending "clarifications" on the easing of trade sanctions against the country, said Gilles Normand, chairman of the French automaker's Asia-Pacific region.