1. 10 Homemade goods are edging out imported foreign goods.

2. The government has put a prohibitive tax on foreign goods.

3. In the past few decades foreign goods flooded the markets of the developing countries.

4. Current Account Convertibility allows free inflows and outflows of foreign currency for all purpose including resident Indians buying foreign goods and services (imports), Indians selling foreign goods and services (exports), Indians receiving and sending remittances, accessing foreign currency for travel, study abroad, medical tourism purpose etc.

5. Externally, the treaty led to the United States-Japan Treaty of Amity and Commerce, the "Harris Treaty" of 1858, which allowed the establishment of foreign concessions, extraterritoriality for foreigners, and minimal import taxes for foreign goods.