The 7 Trade Barriers

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The 7 Trade Barriers

Landed Cost

Overall cost or total price of a shipment or product / imported item. If you buy an item from a non-Canadian site then you would have to pay a border tax.

Excise Taxes

Tax on the sale, manufacture, or consumption of a particular product within a country. Taxes are meant to raise money but can also discourage people.

Currency Fluctuations

Natural outcome of the changing exchange rate. For example right now $1 Canadian is equivalent to 0.76 USD.

Standards

An expectation made by an authoritative professional to deal with various issues under a wide variation of legislation. Making sure they don’t have any counterfeit items etc.

Embargoes

Official ban on trade / commercial activity with another country.

Subsidies

Sum of money given by the government assisting businesses and industries so prices of commodities or services can stay low and or competitive.

Tariffs

Tariffs are a type of tax on certain imports and exports for example to import vegetables from the USA, it's 3%.