What are the trade barriers that are usually imposed by the trading countries?
The barriers range from country to country. Some impose tariffs, which are taxes on imports of foreign goods. Some limit the percentage of a company that can be owned by non-citizens. There are even countries that almost totally forbid foreign investment, allowing very few exceptions. Of course, if people need goods and someone is able to provide them, the goods will find a way to get to the people. Almost always that is done by bribing (or blackmailing) corrupt government officials, which results in government breakdown, as thieves gain power, while honest politicians are pushed out by their wealthier (due to bribe-taking) opponents. Every country that prevents or imposes very difficult regulations on imports has extremely corrupt governments. Q: What are the countries that are practicing free trade now? And what industries in those countries that are involved in free trade? A: Hong Kong is one notable example. Overall, it has the most free economy in the world, not just when it comes
Related Questions
- Can the trading enterprise engage in trade with third countries or does the trade have to be exclusively between the foreign country and the United States?
- Global trade allows overpopulated countries to import what they need from other countries. Whats wrong with that?
- What did jeffereson issue to stop trade with all foreign countries?