ADM 3318 Lecture Notes - Lecture 3: Tariff, Consumer Protection, Comparative Advantage

• School: University of Ottawa
• Department: Administration
• Course: ADM 3318
• Professor: Ado Abdoulkadre

Document Summary

Government"s orientation that defines how it selects and applies trade theories within its national borders as well as in its commercial exchanges with other foreign parties. Trade policies tend to differ across nations and sometimes across provinces or states. Import tariff a tax imposed on imports. Import quotes: restrictions on the quantity of imports for specific period of time. Voluntary export restraints (vras): superficial policy to show that exporting countries voluntarily agree to restrict their imports. Local content requirements: a requirement that a certain proportion of the value of the goods made in one country originate from that country. Antidumping duties: costs levied on imports that have been dumped (selling below costs or below exporter"s home market price to unfairly drive domestic firms out of business) Doha development round: tariffs, non-tariff measures, agriculture, labour standards, environment, competition, investment, transparency, patents, etc.