Trade restrictions refer to government policies or regulations that limit or control international trade. These measures can include tariffs, quotas, embargoes, and licenses that affect the import and export of goods and services. The purpose of trade restrictions can vary, including protecting domestic industries, preserving national security, responding to unfair trading practices, and promoting economic stability. Tariffs impose additional costs on imported goods, making them less competitive compared to local products. Quotas set a maximum limit on the quantity of a particular good that can be traded, thereby controlling supply. Embargoes completely prohibit trade with specific countries or regions, often due to political reasons. Trade restrictions can significantly influence global trade dynamics, affect economic growth, and impact consumer prices and choices in the domestic market.
The French poultry industry is witnessing a significant breakthrough after over a year of negotiations. American and Canadian officials have now lifted their bans on certain poultry imports from France,…