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Study Notes

Trade Barriers

AQA, Edexcel, OCR, IB

Last updated 22 Mar 2021

Trade barriers include all costs of getting a good to the final consumer other than the cost of supplying the good

Transportation costs

  • Freight costs
  • Time costs
  • Customs Delays

Policy barriers

  • Import Tariffs
  • Non-tariff barriers

Internal trade and transaction costs

  • Information costs
  • Contract enforcement costs
  • Red tape

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