Question

Walmart's decision to suspend its planned expansion into india's huge but fragmented retail market due to obstacles put in place by the host nation to protect its mom-and-pop retailers is an example of

Answer 1

The answer that best completes the statement above is NON-TARIFF TRADE BARRIERS. From the term itself "non-tariff", it means do not involve duty or tax. For non-tariff trade barriers, this refers to restrictions in trade other tax. This includes sanctions, embargoes, and quotas. Non-tariff trade barriers are commonly practiced in developed countries.