A trade restriction is an artificial restriction on the trade of goods and/or services between two or more countries. It is the byproduct of protectionism.
Trade restrictions are typically undertaken in an effort to protect companies and workers in the home economy from the competition by foreign firms. A protectionist policy is one in which a country restricts the importation of goods and services produced in foreign countries.
The main types of trade restrictions are tariffs, quotas, embargoes, licensing requirements, standards, and subsidies. A tariff is a tax put on goods imported from abroad. The effect of a tariff is to raise the price of the imported product. Revenue tariffs are put in place to raise money for the government.
As of January 1, 1993 due to the period of great ethnic tumoil in <span>Czechoslovakian region, it was splited into </span>Slovakia and Czech Republic. After the split, the new Czech republic was faced with <span>the threat of invasion by Slovakia.</span>
