When Country A refuses to trade with country B because of different religious belief what are three ways country A should do?

1 answer:

4 0

Countries primarily do this to appease domestic political pressures. Trade barriers come in a variety of religious forms. Protective tariffs, import quotas, trade embargoes, and voluntarily restrained exports are the four primary categories.

The protective tariff, which is a levy on imported goods, is the most prevalent kind of trade barrier. Trade restrictions include tariffs (taxes) on imports (and occasionally exports) as well as non-tariff trade restrictions religious including import quotas, domestic industry subsidies, trade embargoes with specific nations , and licences to import items into the Countries economy. Bilateral and multilateral negotiation, mediation, and arbitration are methods of conflict management and resolution that can be used in these situations.

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