Customs Barrier

Dictionary Says

Definition of 'Customs Barrier'

Any measure designed to limit international trade. A customs barrier will act to limit the level of trade across international borders by implementing restrictions on imports and/or exports. Governments may impose such restrictions in order to protect a domestic industry from foreign competition, or to limit the export of goods or services deemed vital to a domestic economy's health.

Also known as a "trade barrier".
Investopedia Says

Investopedia explains 'Customs Barrier'

Types of customs barrier can include tariffs, levies, duties and trade embargos. While most economists are in agreement that such measures ultimately create less-than-optimal economic conditions, governments often resort to them for a variety of reasons, ranging from protecting an infant industry to engaging in a trade war with another country.
Search results for

'Customs Barrier'

  • What Is The World Trade Organization?

    http://www.investopedia.com/articles/03/040203.asp
    ... If, for example, a country erects a trade barrier in the form of a customs duty
    against a particular country or a particular good, the WTO may issue trade ...

Related Articles

Partner Links