when a government bans the import or export of specified goods.
A limit on the quantity of good that may be imported or exported within a given period to
regulate international trade.
Taxes on certain imported products which increases prices.
When countries that are members freely invest in one another.
Such as: European Union (EU) or Latin American Integration Association (LAIA)
FreeTradeAgreementWhen countries that are members remove duties and trade barriers on products traded
among them to increase trade between members.
Such as: NAFTA (North American Free Trade Agreement)
FreeTradeZonesInclude selected areas that allow duty-free products to be imported, and then stored,
assembled, and/or used in manufacturing. The activities usually occur around a seaport or