Paper 1 real-world example: Administrative barriers to trade
Trade protection through the use of tariffs is well covered in the news. It is important to look at another form of trade protectionism, often called ‘non-tariff’ barriers in the media, or otherwise known as administrative restraints on trade. This form of trade barrier involves the use of rules and regulations imposed on imported goods that act as a barrier to imported goods entering a country. One of the...