Trade Restriction
/ˈtreɪd rɪˈstrɪkʃən/
Definitions
- (n.) A legal or regulatory measure that limits or controls the exchange of goods and services across borders, often to protect domestic industries.
The government imposed a trade restriction to protect local manufacturers from foreign competition.
Forms
- trade restrictions
Related terms
See also
Commentary
Trade restrictions often require careful drafting to balance protectionism with compliance to international trade agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.