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Non-Tariff Barriers
(redirected from Non-tariff barriers to trade)

   Also found in: Wikipedia 0.01 sec.
Non-Tariff Barriers
Trade barriers other than tariffs. A common example is a countervailing duty, which enacts a tariff under certain defined circumstances. Non-tariff barriers have the same restrictive effect on trade as tariffs. They have become more common as the World Trade Organization has gradually reduced the circumstances under which a tariff may be imposed.


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As tariffs have declined worldwide, many nations have erected different, non-tariff barriers to trade," the USTR said, highlighting that exports accounted for 13 percent of the US economy.
Non-tariff barriers to trade include government laws, regulations or practices that "protect domestic industry or products from foreign competition or artificially stimulate export of particular domestic products," according to global trade expert Prema Nakra, PhD.
Meanwhile, the developing countries could continue protecting their most sensitive industries the old-fashioned way--through high tariffs, restrictive quotas, and/or innumerable non-tariff barriers to trade.
 
 
 
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