Trade Sanction


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
We also have to study the way other nations tackled trade sanctions.
trade sanctions are designed to implement foreign policy objectives and to impede funding of terrorist activity or other national security risks.
He said the meeting with EU officials was 'very important' because the EU had threatened to impose trade sanctions on the Philippines.
could face trade sanctions indefinitely until the dolphin-saving label is altered or eliminated.
Treasury removed Tuesday the name of Lebanon-based DK Group from the list of its trade sanctions list, the company announced in a statement released Wednesday.
The US imposed economic and trade sanctions on Sudan in 1997 in response to its alleged connection to terror networks and human rights abuses.
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.
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.
But to a group of visual-effects artists, it was just one more example of the need to ramp up the battle against such subsidies: Rather than try to match incentive-for-incentive, they maintain, why not pursue a different strategy: trade sanctions against some of the more egregious examples of such givebacks?
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.