The main reason countries in Southern and Eastern Asia create quotas as trade barriers is:
2. to limit foreign competition within their country.
Quotas are restrictions placed on the quantity or value of goods that can be imported or exported. By imposing quotas, countries can control the amount of foreign goods entering their markets, which helps protect domestic industries from excessive competition. This protection aims to safeguard local businesses, preserve jobs, and promote economic stability within the country. By limiting foreign competition through quotas, countries in Southern and Eastern Asia can support the growth and sustainability of their own industries and businesses.
