In international trade which of the following is a non-tariff trade barrier ?
Import bans
Trade barriers are of two kinds. Tariff barriers are taxes or duties on imports or exports. Non-tariff barriers are all other measures that restrict trade without being a straightforward customs duty.
Quotas fix a maximum quantity or value of a good that may be imported in a period; they are the classic quantitative non-tariff barrier. Import bans (embargoes) prohibit the import of a product altogether and are an extreme form of quantitative restriction, so they are also non-tariff barriers. Export controls, such as export licensing or prohibitions on strategic goods, also restrict trade without a duty and are counted as non-tariff measures.
Anti-dumping laws allow a country to levy an anti-dumping duty on goods sold below their normal value; as the remedy is an additional duty, they are often grouped with tariffs, although some writers list them among administrative non-tariff measures.
The answer key picks import bans, which is a correct example of a non-tariff barrier. However, quotas and export controls are equally non-tariff barriers, so the item does not have a single defensible answer; the key is doubtful in that sense.
Hence, Import bans.
Similar Questions
A practice of selling a commodity in a foreign market at a price lower than the domestic price; and even at equal to the cost of production to capture foreign market is known as :
Duty levied on the value of goods imported is referred to as
Which of the following expressions amount to the import restriction measures ?
(i) Currency control
(ii) Establishment of EPZs
(iii) Tariff cuts
(iv) Imposition of tariffs
(v) Imposition of non-tariff barriers
Codes :
Important Questions from Government intervention in international trade
Which one of the following non-tariff barriers is to be adequately addressed by India while signing FTA with any country that has potential to import fruits, vegetables and other plant-based products from India?
Quotas which are the quantitative restrictions on exports/imports intended at protecting local industries and conserving foreign exchange, include which of the following?
(A) Single stage quota
(B) Absolute quota
(C) Tariff quotas
(D) Value added quotas
(E) Voluntary quotas
Choose the correct answer from the options given below:
A practice of selling a commodity in a foreign market at a price lower than the domestic price; and even at equal to the cost of production to capture foreign market is known as :
Duty levied on the value of goods imported is referred to as
Which of the following expressions amount to the import restriction measures ?
(i) Currency control
(ii) Establishment of EPZs
(iii) Tariff cuts
(iv) Imposition of tariffs
(v) Imposition of non-tariff barriers
Codes :
