Question

Describe two types of trade barriers.

Class 10

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Answer 1

Here is your answer ⤵⤵⤵

Two types of trade barrier are :-

⭕ Tariff : It is a tax imposed on import or export. Eg, custom duty,etc.

⭕ Non - Tariff : NTBs are the trade barrier which indirectly affects on imports and exports of the country.

Eg, Import licence.

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Answer 2

two types of trade barriers :--

Tariffs.

Non-tariff

barriers to trade include: Import licenses. Export licenses. Import quotas. Subsidies. Voluntary Export Restraints. Local content requirements. Embargo. Currency devaluation.

tariffs

tariffs are simply a tax or duty to be paid on a particular class of imports or exports.