Economy, asked by priyaksrSophia3433, 1 year ago

Distinguish between the following

(i) Strategic and Minority sale

(ii) Bilateral and Multi-lateral trade

(iii) Tariff and Non-tariff barriers.

Answers

Answered by writersparadise
16

1. Strategic sale - is done by way of competitive bidding and the subsequent sales are made to the partner. It involves at least 51% of the state sale of the Public Sector Unit (PSU), whose management is transferred to the private sector for control.

Minority Sale – it is the disinvestment made through public offers. It involves less than 49% sale of state PSU and is controlled by the government.


2. Bilateral Trade - is a trade in between 2 countries, which encourages economic cooperation in between them.  One-to-One Negotiations are made separately with each country.

Multi-lateral trade – is a kind of trade agreement which happens between more than 2 countries. It supposedly integrates many countries and encourages healthy globalization. The negotiations with different countries are made together at the same time.


3. Tariff Barriers – are the taxes that are imposed by a country on its imports in order to provide protection to the domestic industries. They are explicit and are approved by the WTO to be imposed at reasonable rates.

Non-tariff barriers – are the restrictions which are imposed on the imports by a country, other than the taxes. The Non-tariff barriers like labour issues and hygiene issues are not very explicit, and they have been majorly abolished by the WTO.


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