Trade Barriers

Obstacles put up by countries to stop imports entering their domestic market.

Trading BLOC - A group of countries that share free trade agreements between each other but discouraging imports from outside countries.

BRIC'S - Brazil Russia India China South Africa 

MINT - Mexico Indenisia Nigera Turkey 

Domestic Markets - Buying and selling of goods and services with in the UK.

Foriegn Markets - Buying and selling of goods and services in the world wide market. 

Tarriffs - A tax placed on imports in order to increase their price and therefore discouraging demand.

Quatos - A trade barrier that places restrictions on the number of foriegn goods that can be sold with in a market in a given time.