Types of Trading Relationships (Grade 11 NSC Matric Geography): Flashcards
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Practise the cards
10 cards from this deck
Free trade
Free trade
Commerce between nations without government restrictions
Trade barriers purpose
Trade barriers purpose
Protect domestic industries from international competition
Tariffs
Tariffs
Taxes imposed on imported goods
SA tariff on Chinese t-shirts (2011)
SA tariff on Chinese t-shirts (2011)
40%
Quotas
Quotas
Limits on quantity of imported goods allowed in a time period
US sugar import quota increase
US sugar import quota increase
120,000 tonnes
Subsidies
Subsidies
Financial assistance to local producers to reduce costs
US agricultural subsidies (2010)
US agricultural subsidies (2010)
$5.9 billion
Fair trade
Fair trade
Trading system supporting producers in developing countries
Rosie Lembusi coffee payment (fair trade)
Rosie Lembusi coffee payment (fair trade)
500 shillings per kilogramme