Foreign Trade contd I

Commerce SSS1 Second Term


Foreign Trade contd I

Performance Objectives

The student should be able to:

    1. Mention the reason for the imposition of the tariff.

    2. Explain tools for foreign trade.

    3. List necessary documents for foreign trade.


Tariffs or Restrictions to Trade

Tariffs are taxes or duties imposed on imports and exports by the government of a country. The idea behind tariffs is to restrict the volume of trade or improve the international terms of trade.

Reasons for the imposition of tariffs or restriction of trade

View More

Subscribe now to gain full access to this lesson note

Take Me There

Click here to gain access to the full notes.