Economic sanctions impact crossborder trade relationships from "summary" of Modern Law of International Trade by Ajendra Srivastava
The imposition of economic sanctions has a profound impact on crossborder trade relationships. These sanctions are used by countries as a tool to achieve certain political or economic objectives. By restricting trade with a particular country, sanctions can disrupt the flow of goods and services across borders. This disruption can lead to a decrease in trade volume, affecting businesses and consumers on both sides of the border.
Economic sanctions can take various forms, such as trade embargoes, restrictions on financial transactions, or bans on certain exports or imports. These measures can make it difficult for businesses to conduct normal trade operations, leading to delays, increased costs, and uncertainty. In some cases, sanctions can...
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