„Import Relief“

What does Import Relief stand for?

Any of several measures imposed by a government to temporally restrict imports of a product or commodity to protect domestic producers from competition. Or, any of several measures to strengthen domestic producers such as subsidies, educational assistance to workers, training assistance to workers, low interest loans to producers, tax relief to producers etc.

Source:

Krugman, Paul R., and Maurice Obstfeld. “International Economics: Theory and Policy.” Boston: Addison-Wesley, 2009.

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