We appreciate your visit to Nigeria has a new industry that builds tractors for agriculture To protect this new industry from competition by lower priced foreign built tractors the Nigerian. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Answer: limit importation of foreign based tractors or place extra clearing charges at port
Explanation:
One of the ways the ways most systems do to help trade is by encouraging their own goods while they gradually restrict importation of that particular goods. They do this to boast the sales the locally made item would have in the market and encourage more people to buy the locally made item. By limiting or making it difficult for imported tractors to be sold cheap. Another way is by increasing the service charge at the sea port for these imported tractors, this will make importers increase the price of their goods.
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