asked 7.7k views
1 vote
Why do countries erect trade barriers that inhibit imports and exports

asked
User Pie
by
8.2k points

1 Answer

5 votes

Answer:

To protect their local markets and keep a health balance of payments.

Step-by-step explanation:

They inhibit imports as those require forex and may hurt their own country's production and markets. They inhibit exports at times to prevent shortages of goods they require such as wheat when there is a drought or increases local demand.

answered
User Nshetty
by
8.7k points
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