Q5 of 31 Page 4

Name an important barrier on foreign trade. [CBSE 2014]

An important barrier to foreign trade is a tax on imports.

Explanation: Government uses tax to regulate foreign trade so a high tax on imports can mean lesser imports. So this can be a trade barrier.

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Which organization lays stress on liberalization of foreign trade and foreign investment? [CBSE 2012 , 2014]

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