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Barriers to international trade that are imposed by governments include;quotasimport bansimport export custom tiesimport export licensing(complicated procedures)foreign exchange controlmoral persuasion eg Buy Kenya build Kenya
Benefits Kenya gained since the completion of SGR from Mombasa to Nairobi are;Increased employment opportunities to citizensImproved transport system for heavy and bulky goodsEarn government revenueReduced cost of transporting goods and passengers over long distancesreduced road accidents caused by tankers and trailersReduced damaged of roads by vehicles/reduced cost of maintaining roadsReduced port and road congestionReduced pollution by vehiclesTimely delivery of goods and services to the market.
Benefits Kenya is likely to get from exploitation of oil in Turkana area include;The country will earn and conserve foreign exchangeEmployment opportunities will be createdThe supply of oil in the country may be stableThe people will enjoy low fuel pricesThe government will earn revenueThe infrastructure of surrounding areas is likely to improveThe exploitation will accelerate economic activities in the surrounding areas / multiplier effectPetro- chemical industries will get ready raw materials / inputsForeign investors will be attracted due to low cost of productionThe country BOP will improve drastically
Benefits of borrowing a loan from a non-bank financial institution include;get long-term loanget finance for capital developmentlow interest rates on loansmanagement advice on the projectlower collateral valuelonger grace period
Impacts of local trade in Kenya include;It promoted good relations between communities involvedExchange of cultural practices among communitiesCommunities were able to acquire what they did not haveIt provided foundation for regional tradeIt led to intermarriage between the communities involvedDevelopment of trading centers which later grew into townsEarly industries emerged to produce the items of tradeChiefdom emerged as a result of tributes paid by tradersDevelopment of regional market placesMany African communities were united through tradeIt enforced the development of languages