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Various Trade Instruments to Promote or Restrict Foreign Trade

Question

Various Trade Instruments are used to promote or to inhibit/restrict foreign trade. Discuss and explain the various instruments used and the situations in which they may be applied. Provide examples of such trade instruments and how they impact positively and negatively. Explain whether you think trade restrictions are warranted or not and if so or not when and why and if not why not.

Use examples from the case and even from SA to support your answer. Note that examples from the case will carry more weight.

Summary

This question belongs to economics and discusses about various trade instruments used to promote or restrict foreign trade.

Word count: 840

 

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