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Define buffer capacity.
Trade Restrictions
Measures such as tariffs, quotas, and embargoes implemented by governments to control international trade and protect domestic industries.
General Agreement on Tariffs and Trade
An international trade treaty designed to boost economic recovery by reducing quotas and tariffs.
Free Trade Zones
Designated areas within a country where goods can be imported, handled, manufactured, and exported without direct intervention from customs authorities.
Mercosur
A South American trade bloc established to promote free trade and fluid movement of goods, people, and currency among its member countries.
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