Explain any five methods that the Kenyan government may adopt in order to control the volume of imports.

Methods of controlling volume of imports

  • Tariffs –  Involves levying import duty on goods that are entering a country.
  • Quotas –   Is a quantitative restriction permitting only a given number of units of a commodity to be imported during a specific period.
  • Exchange control – Refers to control by the government on the exchange value of the currency of a country. Importers can only import goods when they seek permission for acquiring foreign exchange.
  • Trade agreements –  is an agreement between different countries regarding the foreign trade under this system, goods can only be imported from some specific countries only.
  • Total ban/ Embargo  –  Involves imposing a complete ban on import of some specific commodities.

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