Reasons for trade restrictions
Answer Text: Reasons for trade restrictions-To prevent the inflow of harmful goods into the country, that may be harmful to the lives of the citizens-To protect the local infant industries that may not be able to compete favourably with well established industry-To give a country a chance to exploit its natural resources in producing their goods-To protect strategic industry, since their collapse may make the country to suffer-To minimize dependency of the country to other countries for their -stability-To prevent dumping of goods in the country by the developed partners which may create unfair competition-To correct balance of payment deficit by limiting import
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