Tariffs Protectionism is the economic policy of protecting the industries and agriculture of a state against foreign competition through government intervention. It occurs when one country erects barriers to trade with other countries. These barriers can take many forms such as: tariffs, quotas or other technical rules. Governments often use more than one of these barriers to protect local industries against unfair foreign competition. These barriers may also be in reaction to dumping, the practice …
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showed last 75 words of 2070 total
…tariff, the use and importance of the tariff is declining. References India : National Trade Estimate Report on Foreign Trade Barriers., http://www.tradeport.org/ts/countries/india/ftbar.html. Retrieved from the world wide web February 23, 2005 Export & Import - Importing to India- Tariff Schedule., www,indiamart.com Retrieved from the world wide web February 23, 2005 National government report on tariff., www.ustr.gov/reports/nte/2000/india.pdf., Retrieved from the world wide web February 23, 2005