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ASEAN, Business

Barriers to International Trade

Domestic barriers

  • Attitude: “My company is too small to export.”
  • Lack of information about how to get started
  • Inability to obtain adequate financing

International Barriers

  • Tariff – A tax a government imposes on goods and services imported into that country
  • Nontariff barriers – Governments that protect domestic industries
  • Quotas – Limits on the amount of a product imported into a country.
  • Dumping – Selling large quantities of a product in a foreign country below cost to gain market share
  • Embargo – Total ban on imports of certain products
  • Cultural barriers – Differing languages, philosophies, traditions, and accepted practices
  • Political barriers – Rules, regulations and political risks
  • Business barriers – Different cost structures and business practices
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