import restrictions

import restrictions

or

trade barriers

the limitation of IMPORTS into a country by a variety of techniques, e.g. TARIFFS, QUOTAS, IMPORT SURCHARGES, IMPORT DEPOSITS, EXPORT RESTRAINT AGREEMENT and FOREIGN EXCHANGE CONTROLS. The aim of import restrictions is to assist in the removal of a BALANCE-OF-PAYMENTS deficit and as a means of protecting domestic industries against foreign competition. In general, these practices are contrary to the rules of the WORLD TRADE ORGANIZATION (WTO), but the WTO has been powerless to stop them in many cases (see, for example, the MULTI-FIBRE ARRANGEMENT). See PROTECTIONISM, BALANCE OF PAYMENTS EQUILIBRIUM.
References in periodicals archive ?
WASHINGTON, March 2 (KUNA) -- The International Monetary Fund (IMF) said Friday that the import restrictions US President Donald Trump announced on Thursday will likely "cause damage" to economies in and outside the US.
As part of the ongoing cooperation between the United States and Libyas Government of National Accord, the United States will impose import restrictions on categories of archaeological material representing Libyas cultural heritage dating from 12,000 B.
The US announced emergency import restrictions on Syrian artifacts in response to looting of the country's cultural heritage in the midst of a brutal civil war.
On top of that, although domestic production has a large participation in the total supply of microwaves, the import restrictions that were reinforced during 2014 and the Peso devaluation also had a strong negative impact on product availability.
Global Banking News-March 20, 2014--Indian central bank eases gold import restrictions
These injunctions were based on a WTO document that states that Philippine rice import restrictions expired on June 30, 2012.
Processes for stabilizing the flour market are wrapping up and it is expected for the flour import restrictions to be also abolished in the first half of September, Gjorgiev said.
case at the WTO targeting India's import restrictions on agricultural products dismissed on procedural grounds.
She believes that the import restrictions on Mimolette may not be too bothersome to consumers right now, but the crackdown certainly won't stop at one variety of cheese.
According to the Korea Trade-Investment Promotion Agency (KOTRA), a total of 127 import restrictions were imposed on products of Korean firms in 20 countries as of April.
The European Union has filed a suit with the World Trade Organization against Argentina's import restrictions, raising another dispute between the EU and the South American nation only weeks after Buenos Aires nationalized Spanish oil firm Repsol's subsidiary in the country, YPF.
Summary: BRUSSELS/GENEVA - The European Union filed a suit against Argentina's import restrictions with the World Trade Organisation (WTO) on Friday, intensifying the disputes between the South American nation and its trading partners.