Trade barriers can have several impacts on the nanotechnology sector:
- Increased Costs: Tariffs and other trade barriers can increase the cost of importing and exporting nanotechnology products, making them less competitive in the global market. - Limited Market Access: Quotas and stringent regulations can limit the ability of companies to access international markets, reducing their potential customer base. - Innovation Stifling: Complex intellectual property laws and varying standards may discourage innovation by making it difficult for companies to protect and market their innovations.
