Non-Tariff Barriers

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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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These include: (a) improving market competition by eliminating restrictions on foreign vis-a-vis domestic investors; (b) streamlining burdensome administrative procedures for existing and new businesses, starting a new business and paying taxes; (c) shortening the foreign direct investment negative list; (d) reducing limits on foreign equity; (e) easing nontariff barriers (especially procedural obstacles); (f) lowering labor market rigidities by reducing the cost of firing nonperforming workers by simplifying dismissal procedures and lowering severance pay; (g) making regular employment contracts more flexible by linking severance pay with tenure; and (h) aligning the minimum wage with productivity by considering the wage level of the informal sector.
Pakistan is regularly criticised by Afghan media and government officials for predatory economic practices, such as product dumping and nontariff barriers to trade.
At this point the two sides have been making progress nailing down text in memorandums of understanding in six areas: nontariff barriers, forced technology transfers, intellectual property, cybertheft, agriculture and currency.
These grievances relate mostly to what economists call nontariff barriers, including issues such as intellectual property theft, the weaponization of economic and development tools, forced technology transfer, insufficiently effective and credible multilateral institutions, and a less-than-stable global economic and financial order.
Retaining membership of the EU Customs Union would allow the UK to keep trading with the EU without any tariffs or nontariff barriers, whereas negotiating a new customs union would take a long time, would in all likelihood exclude certain goods and would allow third party countries nonreciprocal access to the UK market.
It identifies four critical barriers to regional trade: tariffs and para-tariffs, real and perceived nontariff barriers, connectivity costs, and a broader trust deficit.
Sega, global chief investment strategist at global asset management firm Conning, said as bad as the trade war rhetoric sounds, the aggregate effect of tariffs and nontariff barriers may not be that big as opposed to the benefits of tax and regulatory reform.
It identifies four critical barriers to regional trade: tariffs and para tariffs, real and perceived nontariff barriers, connectivity costs, and a broader trust deficit.
The issuance of the EO, agreed on by the Cabinet in its meeting Tuesday, is aimed at removing the administrative constraints and nontariff barriers on importing rice, fish, meat, sugar, and vegetables.
"The Chinese had better not underestimate the determination of President Donald Trump to follow through and seek zero tariffs and nontariff barriers," Kudlow said during an interview on Fox Business Network.
The two sides will dwell upon agreement of regulation of motor vehicles passenger traffic (Dhaka-Kathmandu Bus Service), removal of high tariff and nontariff barriers (NTBs) and simplification of administrative procedures on primary and manufactured goods.
But the arrangement has only favoured our colleagues from Uganda."The benefit of tax harmonisation procedures and elimination of nontariff barriers has not been fully achieved, with many traders facing unfair competition on cross border trade.