Answer to Question #251348 in Economics for margie

Question

Discuss the two main trade remedies that Namibia could use to safeguard its market against imports and can it use the same remedies against imports from South Africa?

Answer 1

The two major barriers to international trade are tariff barriers, or taxes on imported goods; and nontariff barriers. The nontariff barriers to trade include import quotas, embargoes, buy-national regulations, and exchange controls.