What reasons may necessitate international trade restrictions by a country?

Give reasons that may necessitate international trade restrictions by a country.

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(i) Control imported inflation inflation as a result of overpriced imports.

(ii) Check importation of harmful goods which may be unhealthy for consumption.

(iii) Need to avoid over-dependence on imports which may lead to political black-mail.

(iv) Protecting local industries from foreign competition.

(v) Prevent dumping which may kill the economy.

(vi) Correcting unfavourable balance of payment by restricting imports.

(vii) Protecting cultural values which may be eroded through foreign interactions.

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maurice.mutuku answered the question on July 25, 2017 at 07:19

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