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__________________ are ways that a nation can draw up regulations, inspections, and paperwork to make it more costly or difficult to import products.

1 Answer

5 votes

Answer: Nontariff barriers

Step-by-step explanation:

Nontariff barriers are trade barriers that are used whereby the import and export of goods and services are restricted. It should be noted that the restriction is not by tariffs but can include include embargoeds, quotas, sanctions, and levies.

The main reason for trade barriers are to generate revenue for the government and also to protect the local industries.

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User Tharindu Vindula
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