International Trade(2010-8).pptVIP

Chapter 8 Non-tariff Trade Barriers and  the New Protectionism Chapter 8 Non-tariff Trade Barriers and  the New Protectionism 8.1 Import quotas a quota is the most important non-tariff trade barrier. It is a direct quantitative restriction on the amount of a commodity allowed to be imported or exported. 8.1.1 The effects of an import quota Import quotas ---- used by all industrial nations to protect their agriculture ---- used by developing nations to stimulate import substitution of manufactured products and for balance-of-payme