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.
The Net Barter terms of trade refer to:
A sudden shift from import tariffs to free trade may induce short‐term unemployment in:
The theory which explains the effect of devaluation on balance of trade is known as:
Which one of the following is not the disadvantage of international licensing?
Which one of the following factor does not influence the flow of FDI under Demand factors?