What are Western Europe's tariff and trade barriers?
ANSWER-
following are the tariff and trade barriers which are imposed on trading of goods in Western Europe-
Specific tariff which is imposed or levied on one unit of an imported good .
a country could levy a $15 tariff on each unit of shoes imported, but levy a $300 tariff on each computer imported.
Ad Valorem Tariffs
The phrase ad valorem is Latin for "according to value," and this type of tariff is levied on a good based on a percentage of that good's value
Quotas.
A limit placed on the number of imports
Subsidies.
A domestic subsidy from government can give the local firm a competitive advantage under this companies in Western European countries take financial support from the government.
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