What is considered a non-tariff measure?

Non-tariff measures (NTMs) can be defined as ‘policy measures, other than ordinary customs tariffs, that can potentially have an economic effect on international trade in goods, changing quantities traded, or prices or both’.

What is an example of a non-tariff?

Common examples of non-tariff barriers include licenses, quotas, embargoes, foreign exchange restrictions, and import deposits.

What are non-tariff policies?

A non-tariff barrier is any measure, other than a customs tariff, that acts as a barrier to international trade. These include: regulations: Any rules which dictate how a product can be manufactured, handled, or advertised.

What is NTM classification?

Non-tariff measures (NTMs) are generally defined as policy measures other than ordinary customs tariffs that can potentially have an economic effect on international trade in goods, changing quantities traded, or prices or both.

What is the difference between NTM and NTB?

NTMs are distinct from non-tariff barriers (NTBs). NTBs are subsets of NTMs and are considered as measures that have potentially trade-inhibiting effects. Aligned with ASEAN’s commitment to eliminate barriers to trade, ASEAN Member States (AMS) have collectively embarked on several initiatives related to NTMs.

What is tariff and non-tariff?

Tariff barriers are the tax or duty imposed on the goods which are traded to/from abroad. On the contrary, non-tariff barriers are the obstacles to international trade, other than tariffs. Trade barriers often protect domestic companies by putting restrictions on the movement of goods amidst nations.

What are some examples of non-tariff barriers?

Nontariff barriers include quotas, embargoes, sanctions, and levies. As part of their political or economic strategy, some countries frequently use nontariff barriers to restrict the amount of trade they conduct with other countries.

What are the impact of non-tariff barriers?

NTBs reduce trade through two main channels. Firstly, they can increase the cost of doing business. NTBs that raise the cost of doing business may be quite specific – such as adherence to individual product standards – or more general, such as more stringent customs and documentary related procedures.

What is the difference between non-tariff measures and non-tariff barriers?

What is the difference between tariff and non-tariff?

Tariff barriers can take the form of taxes and duties, while non-tariff barriers are in the form of regulations, conditions, requirements, formalities, etc. The imposition of tariff barriers results in the increase in government revenue.

What is NTM China?

Nontuberculous mycobacteria (NTM) pulmonary disease (NTM-PD) is a severe progressive illness caused by non-tuberculous mycobacterium, requiring complicated treatment with multiple anti-mycobacterial drugs for more than 12 months [1].

What are non tariff measures?

Understanding NTMs 1 Understanding Non-Tariff Measures. Non-tariff measures (NTMs) can be defined as ‘policy measures, other than ordinary customs tariffs, that can potentially have an economic effect on international trade in goods, changing 2 The growing role of non-tariff measures in trade. 3 Impact of non-tariff measures.

What are ntntms and tariffs?

NTMs are complex legal texts specific to the product and applying country. They are more difficult to quantify or compare than tariffs. Depending on how they are applied, these measures may or may not amount to trade barriers.

What are NTMs and how are they classified?

NTMs include technical measures, such as sanitary or environmental protection measures, as well as others traditionally used as instruments of commercial policy, e.g. quotas, price control, exports restrictions, contingent trade protective measures, etc. Here you can find UNCTAD’s classification of NTMs (version 2012).

What are the ITC business surveys on NTMs?

The ITC business surveys on NTMs document the experiences of companies that are involved in international merchandise and services trade. They identify at product, sector and partner country-level the predominant regulatory and procedural trade obstacles.