Mohammed Nidhal

International Trade

International trade is the exchange of capital, goods, and

services across international borders or territories because
there is a need or want of goods or services. In most countries,
such trade represents a significant share of gross domestic
product.

Trade barrier

Trade barriers are government-induced restrictions on

international trade. Economists generally agree that trade
barriers are detrimental and decrease overall economic
efficiency; this can be explained by the theory of comparative
advantage.

Tariff

A tariff is a tax imposed by a government of a country or of a

supranational union on imports or exports of goods. Besides
being a source of revenue for the government, import duties
can also be a form of regulation of foreign trade and policy that
taxes foreign products to encourage or safeguard domestic
industry