Title: Details of China trade agreement signing revealed
|Date:||February 4, 2012|
|Length:||3 / 618|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
The two main barriers used are Tariffs and Quotas. A tariff is a tax levied on imported goods. The tariff can be both an ad valorem tax, and a specific tax (McGee). A quota however is a quantitative limit on imports set by the importing country. The effect desired by a quota is that domestic suppliers will replace some of the imports at a higher than world market price...
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The tariff can be both an ad valorem tax, and a specific tax (McGee). A quota however is a quantitative limit on imports set by the importing country. The effect desired by a quota is that domestic suppliers will replace some of the imports at a higher than world market price. An example of this is the shoe market in New Zealand...
Showed next 250 characters
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