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Question

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


A

a) iii and iv only

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B

b) ii and iv only

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C

c) ii only

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D
d) i, ii and iv only
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Solution

The correct option is D d) i, ii and iv only

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


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