The utilization of technical barriers has developed amid the most recent two decades. With an end goal to regularize such benchmarks, the 148-part WTO's Agreement on the Application of Sanitary and Phytosanitary Measures came into the drive in 1995. read more
Trade barriers come in many forms. Quota is one. This is when a country sets a limit to the imported products. This is done for a number of reasons. One is because the government of the importing country wants to protect its domestic manufacturers. Other barriers or limitations are added costs such as tariffs, duties, and taxes. read more