Trade Sanctions
Trade sanctions are trade penalties imposed by a country or group of countries on another country or group of countries. Typically the sanctions take the form of import tariffs (duties), licensing or other administrative regulations. They tend to arise in the context of an unresolved trade or policy dispute.There is disagreement about the fairness of some policy affecting international trade (imports or exports).
Subsidization or the unfair protection of exports of one or more products, or unfairly protecting some sector from competition (from imported goods or services).
Read more about this topic: Economic Sanctions
Famous quotes containing the word trade:
“The girl must early be impressed with the idea that she is to be “a hand, not a mouth”; a worker, and not a drone, in the great hive of human activity. Like the boy, she must be taught to look forward to a life of self-dependence, and early prepare herself for some trade or profession.”
—Elizabeth Cady Stanton (1815–1902)