Sentences with phrase «other trade barriers»

At the North American Leaders Summit held in Toluca, Mexico, Wednesday President Obama met with leaders from Mexico and Canada to discuss ways the triumvirate can improve upon the longstanding agreement that reduces tariffs and other trade barriers between the countries.

Members of a common market work to eliminate tariffs and other trade barriers among themselves and to follow a uniform trade policy with nonmember countries.

While the effects of tariffs and other trade barriers on businesses, consumers and the government are uneven and can shift over time, history has shown that they usually lead to higher production costs, hurting domestic consumers (individuals and businesses) and slowing long - term growth.

For these spirits, tariff elimination is complemented by the removal of other trade barriers, including several «behind the border» barriers that make it difficult for British exporters to access the Canadian market.

Following the Second World War global leaders, determined to avoid future trade wars, came together in 1947 to negotiate the General Agreement on Tariffs and Trade (GATT), with the purpose of achieving a «substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis.»

In textbook examples, commodities are usually sold for their marginal cost of production, though in the real world the price may be higher due to tariffs and other trade barriers.

Seven major negotiating conferences (known as «Rounds») have brought about far - reaching reductions in tariffs and other trade barriers.

This act would extend free trade to Filipino factories that produce textiles by cutting tariffs and other trade barriers.

Rob Arnott, founding chairman and head of Research Affiliates, discusses why tariffs and other trade barriers may end up hurting the countries that impose them more than their trade partners, while Chris Brightman, Research Affiliates» chief investment officer, assesses why the conditions supporting recent returns for the All Asset strategies may persist in the years to come.

Trade restrictions, such as tariffs and other trade barriers, reduce economic growth.