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6.2.5—Reasons for trade restrictions

Syllabus
0455–2027–2028
Objective
6.2.5
Level

6.2.5—Reasons for trade restrictions

  • protect infant (sunrise) industries
  • protect declining (sunset) industries
  • protect strategic industries
  • avoid dumping
  • reduce a deficit on the current account of the balance of payments
  • raise tax revenue
  • restrict the import of demerit goods
  • promote environmental sustainability
ConceptIGCSE Economics