Some countries are able to provide services and products at much cheaper rates than others. Why is that? There are usually several reasons but one of the main ones to concentrate on is trade barriers.
These are barriers that have been put in place to encourage local business to thrive and make it more difficult for foreign traders to compete. Other reasons are to help encourage local firms into the world of exporting as well as:
– Reduce dependence on foreign supplies
– Protecting new businesses
– Help local production grow and replace imports
– Promote exportation
– Promotion of political objectives
Trade barriers can result in raising costs of goods so they are more expensive for local buyers to take advantage of. This in turn results in businesses seeking exports and imports to help reduce their own costs.
If you are interested in transforming your businesses to reach overseas markets we can help.
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Topics: Export Licences, Export Planning, Getting Started, and Transport & Logistics