Q23. Which of the following is are non-tariff barriers in international trade
1. Labour laws & environmental laws
2. Anti-dumping laws
3. Custom duties
4. Import Quotas
Choose the correct answer
Ans. D
There are two major types of barriers in international trade viz tariff barriers and non-tariff barriers. These barriers are used to reduce the flow of imports into a country
1. Tariff barriers are taxes imposed on goods imported
Eg: Customs duty
2. Non-tariff barriers are other methods used to reduce imports
Eg. Administrative barriers, Anti-dumping measures, import Quotas Etc