To protect the home industries government or regulatory bodies of the countries has impose trade barriers, to provide competitive edge for the home industries. Such type of barriers can decrease the competition for home industries and support to boost the national industries. In order to shelter the home industries foreign trade has been obstructed in various forms they in brief are · Prohibition of import or exports · Custom duties · Quatas · Exchange control · Preferential treatment · Import monopolies · Import levies Prohibition of import or exports The government of the country has set the law to prohibit the import or exports of certain commudities such type of laws are impose to boost the home industries. These laws promote the growth of certain industries in the country. Custom duties Tariffs are considered to be the oldest form of protection, they are imposed on the import and expo
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