World Trade Organisation (WTO)


Cite as

Position paper
Committee  : World Trade Organisation 
Country       : Cambodia
School         : Yuvabharathi Public School

1.Trade barriers are government-induced restrictions on international trade.[1]

Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency; this can be explained by the theory of comparative advantage

Most trade barriers work on the same principle: the imposition of some sort of cost (money, time, bureaucracy, quota) on trade that raises the price or availability of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade warresults. Barriers take the form of