Discuss briefly major kinds of non-tariff barriers and their implications for growth of international trade.
Answers
Non-tariff barriers to trade (NTBs) or sometimes called "Non-Tariff Measures (NTMs)" are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs. The Southern African Development Community (SADC) defines a non-tariff ... According to the World Trade Organization, non-tariff barriers to trade ...
Answer:
Non-tariff trade barriers (NTBs), also known as "Non-Tariff Steps (NTMs)," are trade barriers that prohibit products or services from being imported or exported by ways other than tariffs. Non-tariff barriers are specified by the Southern African Development Community (SADC). Non-tariff trade barriers, according to the World Trade Organization, are barriers to trade that are not imposed by tariffs.
Explanation: