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Assume US firm doing business overseas. What does embargoes mean for a firm engaging in or...

Assume US firm doing business overseas.

What does embargoes mean for a firm engaging in or wishing to engage in international business in terms of its policies, operations, decision-making, strategy,?

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Answer #1

If a firm is doing business overseas then embargoes is actually a government order which restricts trade or commerce of this firm with a particular or a group of nations overseas and the restriction imposed by government may be on particular set of goods or products and this restriction is influenced by political and economic ties with that country. This will impact imports and exports.

For eg country A and B political and economic relations are not going well then country A can release EMBARGOES to restrict trade with country B.

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