TRADE, PROTECTIONISM AND THE DEVELOPED COUNTRIES The World Trade Organization refers to an organization formed in 1995 with a stated goal of supporting and liberalizing international trade. Although it is in line with free international trade it allows governments to impose short term protectionist measures under specific circumstances.
Some of the benefit of protectionism in trade is the protection of domestic employment and dawn industry. One type of protectionism is duty, which is a revenue enhancement that is charged on imported goods. In this article, the Indonesian authorities imposed duty to protect local manufacturers of nails and wire against a spike in imports from.