What is trade barriers and why …

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What is trade barriers and why it removed?

Posted by Uttam Kumar 6 years, 4 months ago

CBSE > Class 10 > Social Science

3 answers

Gairav Bansal 6 years, 4 months ago

trade barriers are the restriction on the international trade

0Thank You

Lavish Kumar 6 years, 4 months ago

1Thank You

Yogita Ingle 6 years, 4 months ago

Due to fallowing reasons, the Government of India removed trade barriers
(i) India was lacing a serious/economic crisis in 1990-91 because of slow economic growth, inefficient public enterprises, high inflation and rising fiscal defecit.
(ii) The Government of India decided that the time had come for Indian producers to compete with producers around the globe.
(iii) The decision to remove trade barriers was supported by powerful international organisations like IMF, WTO, etc.
(iv) Removing barriers or restrictions set by the government is known as liberalisation.

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