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 ?
In the lecture, Bark acknowledged the challenges the steel industry is facing, such as overcapacity and trade sanctions. He emphasized the importance of high-value product, diversification of export routes, and preparing for regional competitions.
WASHINGTON, June 13 (KUNA) -- The White House says penalties imposed on Chinese telecommunications giant ZTE will ensure it pays for violating trade sanctions. "The massive penalties imposed on ZTE are part of a historic enforcement action taken by the Department of Commerce," White House Deputy Press Secretary Hogan Gidley said Wednesday.
It added that China had the confidence, ability and experience to safeguard its core interests if the US was to enforce trade sanctions announced in March.
Sanctions come in different shapes and size financial sanctions, trade sanctions, arms embargoes and sectoral sanctions.
ISLAMABAD -- While Pakistan remained cautioned and reluctant to increase trade ties with Iran during the past four years because of international trade sanctions on the neighbouring country, the government, according to the ministry of commerce and industry, has finalised the modalities for opening a banking channel with Tehran.
According to Aljazeera, the three countries are now facing threats of trade sanctions from the US who says the ban violates free-trade agreements.
1 (SUNA) - The United States of America on Wednesday said the decision to revoke the economic and trade sanctions against the Sudan was final and that the decision on the national emergency on Sudan was a routine procedures carried out at this time of the year.
ISLAMABAD -- 'With the removal of decades-old trade sanctions on Sudan by U.S.
In case of trade sanctions this route would be denied to it and the alternate route is many times expensive.
trade sanctions only apply to companies exporting products, or only those operating in the United States?
Assistant Interior Secretary Epimaco Densing said that a Philippine delegation, led by Philippine Drug Enforcement Agency chief Isidro Lapena, went to Brussels and met with EU officials after the EU threatened the Philippines with trade sanctions for its bloody war against drugs.
The shipments had been cut off when stiff trade sanctions were imposed, New Zealand officials said.