How Do You Spell IMPORT BARRIER?

Pronunciation: [ɪmpˈɔːt bˈaɹɪə] (IPA)

The term "import barrier" refers to any form of restriction or regulation that is placed on goods that are being imported into a country. The spelling of the word is quite straightforward, with the emphasis falling on the first syllable of "import" and the second syllable of "barrier." In IPA phonetic transcription, this would be written as ɪmˈpɔːt ˈbærɪə(r), with the "ɪm" representing the short "i" sound in "import" and the "ɔː" representing the long "o" sound.

IMPORT BARRIER Meaning and Definition

1. An import barrier refers to a government-imposed restriction or obstacle that inhibits or limits the entry of goods or products from foreign countries into the domestic market. It is a trade policy mechanism employed by governments to control and protect their own domestic industries, primarily as a means to safeguard local producers and promote domestic production and employment opportunities. Import barriers are designed to regulate the quantity and quality of imports, thereby affecting the competitiveness of foreign products vis-à-vis domestic alternatives.

   There are several types of import barriers, including tariffs, quotas, licensing requirements, embargoes, and technical regulations. Tariffs are taxes or duties imposed on imported goods, effectively increasing their prices and making them less appealing to consumers. Quotas, on the other hand, limit the quantity of goods that can be imported within a specified period. Licensing requirements involve obtaining permits or authorizations from the government to import certain products. Embargoes, also known as trade sanctions, completely forbid the importation of goods from specific countries. Technical regulations can include safety, health, or quality standards that must be met by imported products, which may be difficult for foreign suppliers to comply with.

   These import barriers are employed for various reasons, such as protecting infant industries, preventing unfair competition, safeguarding national security, or addressing environmental concerns. However, they can also lead to unintended consequences, such as reduced consumer choices, higher prices, and potential retaliation by foreign countries.

Common Misspellings for IMPORT BARRIER

• umport barrier
• jmport barrier
• kmport barrier
• omport barrier
• 9mport barrier
• 8mport barrier
• inport barrier
• ikport barrier
• ijport barrier
• imoort barrier
• imlort barrier
• im-ort barrier
• im0ort barrier
• impirt barrier
• impkrt barrier
• implrt barrier
• impprt barrier
• imp0rt barrier
• imp9rt barrier

Etymology of IMPORT BARRIER

The word "import" is derived from the Latin word "importare", which means "to bring in" or "to bring in from abroad". The word "barrier" has Old French origins and comes from the noun "barriere", meaning "obstacle" or "railing". The term "import barrier" is a combination of these two words. In the context of international trade, an import barrier refers to any government-imposed policy, regulation, or restriction that hinders the entry of foreign goods into a country's market.

Similar spelling words for IMPORT BARRIER

• import credit,
• importunate,
• imperturbable.