https://www.taxtmi.com/article/detailed?id=13663 Protectionism comprises state measures-tariffs, quotas, subsidies, import licensing, anti dumping duties, voluntary export restraints, currency manipulation and local content rules-used to restrict imports and protect domestic industries, producing higher consumer prices, reduced market access, retaliation risk and efficiency losses. The ICC favours rules and standards that promote open markets, recommends multilateral and bilateral trade agreements to limit unilateral protectionism, and advocates targeted domestic support and regulatory cooperation as alternatives to broad trade barriers. en-us Thu, 27 Feb 2025 08:15:58 +0530 Thu, 27 Feb 2025 08:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13663 Protectionism comprises state measures-tariffs, quotas, subsidies, import licensing, anti dumping duties, voluntary export restraints, currency manipulation and local content rules-used to restrict imports and protect domestic industries, producing higher consumer prices, reduced market access, retaliation risk and efficiency losses. The ICC favours rules and standards that promote open markets, recommends multilateral and bilateral trade agreements to limit unilateral protectionism, and advocates targeted domestic support and regulatory cooperation as alternatives to broad trade barriers. Articles Customs - Import - Export - SEZ Thu, 27 Feb 2025 08:15:58 +0530 https://www.taxtmi.com/article/detailed?id=13663