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Import Barrier (Noun)

Meaning

Any regulation or policy that restricts international trade.

Classification

Nouns denoting communicative processes and contents.

Examples

  • The imposition of tariffs is a significant import barrier that hinders the growth of international trade between countries.
  • Non-tariff trade barriers such as quotas and regulations can also serve as an import barrier to limit the entry of foreign products into the market.
  • Many countries impose import barriers in the form of taxes and duties to protect domestic industries and reduce their reliance on imported goods.
  • A country's strict safety and health standards can act as an import barrier to some international companies that cannot meet these requirements.
  • The removal of import barriers is essential for countries that want to join international trade organizations and participate in global markets.

Synonyms

  • Trade Barrier

Hypernyms

  • Protectionism

Hyponyms

  • Embargo
  • Trade Stoppage
  • Quota
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