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Healthcare Glossary

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Trade barriers

Measures imposed by certain governments to limit the flow of foreign goods to protect local industries. These are usually economic and financial measures, such as tariffs and quotas. Most commonly trade barriers work on the same concept: the enforcement of a particular cost on trade that increases the price of the traded products. If numerous nations persistently use trade barriers against each other, then a trade war results.

See also:
Tarriffs

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Related terms

Monopsony, European Federation of Pharmaceutical Industries (EFPIA), Committee for Medicinal Products for Human Use (CHMP), Big pharma, Pharmacy Benefit Manager (PBM), Local advertising, Launch plan, ABPI Code of Practice, Global marketing, Ansoff Matrix, Price maker, Pharmaceutical Pricing Regulation Scheme (PPRS), Global brand, Prescribing information, Mores,

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