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You are expected to evaluate/examine (AO3) administrative barriers (SL+HL)
Administrative Barriers (AO3)
Administrative Barriers (AO3)
Administrative barriers are rules, regulations, and standards applied to imports of goods and services from foreign firms, in an effort to reduce the imports.
It complicates and raises costs of imports, and hence favors domestic producers.
However, it will negatively affect consumers, as they will have less choice and experience higher prices.
Similarly to other trade protections, it may upset other countries who retaliate with their own barriers.
Barriers therefore protect domestic industry, but hamper market efficiency.
Some examples of administrative barriers include:
Stricter or more frequent inspection of an imported good or service, making the overall process more tedious
Implementing a complex application process for foreign firms who want to start selling abroad, disincentivizing them from doing so
An outright ban on imports of a certain good or service
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