Question

foreign companies, investors, and governments should be confident that trade barriers (including tariff and non tariff barrier) will not be raised arbitrarily.

Answer 1

Foreign companies, investors, and governments should be confident that trade barriers, including tariffs and nontariff barriers, will not be raised arbitrarily because it promotes fair trade and economic stability.

Step-by-step explanation:

Foreign companies, investors, and governments should be confident that trade barriers, including tariffs and nontariff barriers, will not be raised arbitrarily because it promotes fair trade and economic stability. Tariffs are taxes imposed on imported goods, while nontariff barriers are other ways that a nation can make it more difficult or costly to import products through rules, regulations, inspections, and paperwork. By ensuring that trade barriers are not raised arbitrarily, countries can foster a predictable and stable trading environment for foreign entities.