balance of payments deficit, its policy tools mainly for the tariff and non-tariff barriers
Improve
the terms of trade
Began when the import restrictions, will immediately affect imports, imports fell So they will purchase more domestic products,improve the trade
protectionist An
trade restriction
import quota is a limit on the
quantity of a good that can be produced abroad and sold domestically.
Import
restrictions on certain conditions can
indirectly impact on the domestic economy, due to limited imports, the domestic market to reduce the total products.
during
the period of the import restrictions,
domestic demand and domestic supply will quickly replace foreign supply ,improve its current account position
But
it will provoke retaliation, exporters
can only export according to the amount of imported quota of other countries, so as to prevent the competition between the foreign exporters, this is obviously unhealthy to the development of international trade