The factors described above are sometimes interconnected. customs policy (import and export duties),Įxamples of non-tariff trade barriers include:Īdditionally, political factors which affect the economic development of the market can also be an opportunity for companies, such as with:.The tariff trade barriers which might affect how you are allowed to run your business operations include but are not limited to: governmental regulation and deregulation.Īnalyzing political factors mainly helps identify tariff and non-tariff trade barriers which might make it more difficult for you to enter a target market, posing risks to your business model.the level of bureaucracy and corruption,.These factors include but are not limited to: ![]() PESTEL analysis’s political factors include all governmental aspects which directly or indirectly affect your company’s business activities.
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