What Are the Traditional Methods for Countries to Implement Protectionism

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The Answer is The traditional methods for countries to implement protectionism are tariff and nontariff barriers.
Nontariff barriers,which restrict imports by something other than a financial cost,are often difficult to identify,because they are promulgated as health,safety,or sanitation requirements.
MNEs have only a very limited ability to overcome host country protectionism.However,MNEs do enthusiastically support efforts to reduce protectionism by joining together in regional markets.The best examples of regional markets are the European Union (EU),the North American Free Trade Association (NAFTA),and the Latin American Free Trade Association (MERCOSUR).Among the objectives of regional markets are elimination of internal trade barriers,such as tariffs and nontariff barriers,as well as the free movement of citizens for employment purposes.External trade barriers still exist.

What Are the Traditional Methods for Countries to Implement Protectionism

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