what is NTMS???.. explain in 10lines
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Non-tariff measures (NTMs) can be defined as 'policy measures, other than ordinary customs tariffs, that can potentially have an economic effect on international trade in goods, changing quantities traded, or prices or both'. These consist of mandatory requirements, rules, or regulations that are legally set by the government of the exporting, importing, or transit country.
Non-tariff measures (NTMs) can be defined as 'policy measures, other than ordinary customs tariffs, that can potentially have an economic effect on international trade in goods, changing quantities traded, or prices or both'. These consist of mandatory requirements, rules, or regulations that are legally set by the government of the exporting, importing, or transit country.NTM is a neutral concept and does not necessarily imply a particular direction of impact. It is not synonymous with the frequently used term, non-tariff barrier (NTB). NTB implies a negative impact on trade.
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