International Trade Barriers. Trade Barrier - Anything that prevents travel, trade, or ideas from spreading Physical Barriers - Natural or man-made obstacles. Political Barriers – differences among people that prevent trade. Economic Barriers – financial policies. Others

Physical Barriers Mountains Deserts Water Walls

Political Barriers Government types Religious differences Cultural beliefs No Established Relationship Disagreement Between Nations (Wars) Corruption/unstable

Economic Barriers Tariff – Taxes placed by a government on goods entering or leaving a country Quotas – Limiting the amount of products that can come into a country Embargo – official prohibition by a government of ocean trade into and out of its ports. Any restraint imposed on commerce by law

Economic Barriers (Continued) Currency – Money is different for each nation and must be exchanged to be used; strength of currency.

Others Isolationism Trade treaty/Organization No goods to trade!