import restrictions

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Related to Trade barriers: Tariff Barriers

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 ?
But he has an undeniable point when he argues that this issue takes the WTO outside its core mission of reducing global trade barriers. He also has a point that this issue is of greater concern to Western nations and multinational companies than it is to Third World nations.
"Our most important job is to educate North Carolina agribusinesses that, even in light of trade barriers and phytosanitary issues abroad, there is a bigger market available than just North Carolina or the Southeast."
GMA and other industry groups say the ITC study on trade barriers will help identify the key markets, products and most effective means for the elimination or substantial reduction of tariff and non-tariff barriers.
Harmonizing the individual national regulations could reduce many trade barriers substantially.
Minister for Industry, Science and Technology Karen Andrews said the Liberal-National Government was standing-up for Australian industry and businesses by taking on trade barriers in overseas markets and making it easier for them to access the help they need.
La Malbaie [Canada], Jun 9 ( ANI ): United States President Donald Trump, who is attending two-day Group of Seven summit in Canada's La Malbaie, reportedly pitched the idea of discarding all tariffs and trade barriers between the US and its G-7 allies at the summit.
When other countries drop their trade barriers, American companies export more, and consequently create more export-related jobs.
Premier Brian Pallister is urging the federal government to take concrete steps to end internal trade barriers and restrictions within its own control, in advance of the upcoming First Ministers Meeting in Montreal on Dec.
direct foreign investment, and protection and enforcement of intellectual property rights for inclusion in USTR's annual National Trade Estimate (NTE) Report on Foreign Trade Barriers, the agency said.
China and Russia were among the first countries to put trade barriers on EU exports in 2018, according to a report by the European Commission of Trade and Investment Barriers, published in June.
The report notes that the number of trade barriers that European companies or exporters face on markets outside the EU are still increasing.
In the executive summary, the OBR said: "Heightened uncertainty and declining confidence deter investment, while higher trade barriers with the EU weigh on exports."