The following are barriers or problems to Foreign Trade;
1. Currency: The use of different currencies in trading activities pose a challenge to those involved.
2. Language: Different counties speak different languages which may require an interpreter before a meaningful transaction can take place.
3. Custom/Culture/Religion: As many countries are involved in this trade, so are there many different customs, culture, and religions which affects trading activities negatively.
4. Distance: Adequate and Suitable means of transportation and communication may not be available to link the countries.
5. Documentation: It involves numerous documents that have to be completed and validated before transactions could successfully take place.
6. Natural Barriers: Natural barriers such as mountains, valleys, swamps, hurricanes, etc can pose a threat to foreign trade.
7. The Prevailing Social, Economic and Political Conditions in a Country: Political instability, social, and economic vice may, discourage foreign trade partners from engaging in trading activities with other counties.
8. Government policy: Foreign trade can be hindered by the political ideologies of different countries
9. Trade Restrictions: Trade restrictions by countries have been created by trading partners when they discover they have adverse balance of trade or payment.
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