Beginner's Guide to Exporting. 4th Edition.

3 1 Beginner’s Guide To Exporting OTHER USEFUL CONSIDERATIONS CHAPTER 6 6.3 TRADE BARRIERS Government placed restrictions on trade between nations which can be in the form of subsidies, tariffs, quotas, duties and embargoes 6.3.1 Tariff Barriers • High tariff rates imposed by importing countries 6.3.2 Non Tariff Barriers • Restrictions imposed by importing countries namely licensing, quotas, duties, embargoes aimed at reducing the quantity of imports in order to protect the interest of the domestic producer or to conserve the currency exchange. 6.3.3 Other Barriers • Language, political, cultural, religion, infrastructure and currency are other common barriers and impediments faced by exporters. 6.4 LEVERAGING ON ICT ICT has become the most powerful medium for exporters to reach more consumers, promote products or services and access to vital trade information. Exporters are encouraged to take advantage of these ICT platforms: • Website/Blog • Electronic Communication (Social media) • Mobile Applications (Smartphone, tablet) • E-Business