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Flashcards in International Trade And Access To Markets Deck (5)
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1

Import license?

License issued by a national government authorising the importation of goods from a specific source

2

Import quotas?

Set a physical limit on the quantity of goods that can be imported into a country

3

Subsidies?

Grants/allowances usually awarded to domestic producers to reduce their costs ad make them more competitive

4

Voluntary export restraints?

Diplomatic strategy offered by the exporting country to appease the importing country and deter it from imposing trade barriers

5

Embargoes?

Partial/full prohibition of commerce and trade with a particular country