Which of the following constitute non-tariff barriers to trade?
A.
Increased import duties
B.
Complex customs procedures and paperwork for any goods crossing borders
C.
Reduced import duties
D.
Government subsidies to domestic producers
The Answer Is:
B, D
This question includes an explanation.
Explanation:
Explanation
Non-tariff barriers are restraints on international trade which are not so obvious as simple duties or tariffs. Complex procedures can slow things down, reducing the incentive to export to that country resulting in protected domestic business; subsidies to one's own producers make it more difficult for foreign firms to compete - again creating a barrier to trade.
Increased import duties would be a form of tariff (potentially in breach of GATT / WTO agree-ments); reduced import duties would free up / encourage trade.
L3M1 PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 65% Discount on All Products,
Use Coupon: "ac4s65"