Also known as: Economic sanction, Commercial restriction
A punitive measure applied by a government or international body restricting commercial activities with a specific country, company, or individual to achieve foreign policy or security objectives.
Trade sanctions are punitive measures restricting or prohibiting commercial activities with certain countries, entities, or individuals. They may include asset freezing, financial transaction prohibitions, travel restrictions, arms embargoes, technology export bans, and blocking imports of specific products. Major sanctions lists include the OFAC SDN List (U.S.), EU sanctions lists, and UN Security Council lists. Mexican companies trading internationally must implement sanctions compliance programs.
Trade Embargo
A total or partial prohibition on trade with a specific country or entity imposed by a government or international organization as a foreign policy instrument or economic sanction.
TradeNon-Tariff Barrier
Any government measure other than a tariff that restricts, hinders, or increases the cost of international trade, including quotas, licenses, technical standards, sanitary requirements, and bureaucratic procedures.
RegulationsNon-Tariff Barriers (NTBs)
Measures other than tariffs that countries impose on international trade to protect health, safety, environment, and domestic industry.
DocumentsPrior Import Permit
An authorization granted by Mexico's Ministry of Economy before importing goods subject to special restrictions, as a quantitative non-tariff regulation.