Which among the following will be classified as non-tariff barrier ? Codes :
I. Phyto-sanitary measures.
II. Import and export licensing.
III. Countervailing duty
IV. Environmental standards
Select the answer from the code given below.
Non-tariff barriers (NTBs) are trade restrictions imposed by governments that are not in the form of taxes or duties. They include regulations, standards, licensing, quotas, and other administrative measures designed to control or limit imports or exports.
Let's analyze each item to determine if it's a non-tariff barrier:
Based on the analysis:
The question asks to identify which among the options are non-tariff barriers. Items I and IV clearly fall under the definition of non-tariff barriers as they represent standards and regulations rather than direct taxes.
Considering the provided options and the common classification of trade barriers, Phyto-sanitary measures (I) and Environmental standards (IV) are the measures identified as non-tariff barriers.
Consider the following statements about the international financial sources :
I. A Global Depository Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign country.
II. A GDR is very similar to American Depository Receipt (ADR).
Select the correct option.
Which of the following documents is not required for obtaining export license?
_________ was set up with prime objective of professionalizing the country’s foreign trade management by providing training, research and data dissemination.
Which one of the following does not fall within the ambit of WTO operations ?
The following statements relate to Restrictive Trade Practices (RTP). Choose the correct code for the statements being correct or incorrect.
Statement I: Often the low price is the result of the predatory pricing strategy; prompting selling at prices below cost.
Statement II: This is done with an aim to drive out existing competitors because predatory pricing is a restrictive trade practice.