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| Q. |
The most important of the non-tariff trade barriers are : |
| A. | Quotas |
| B. | Health regulations |
| C. | Pollution standards |
| D. | Labelling and packaging regulations |
| Answer» A. Quotas | |
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Explanation: Non-tariff barriers to trade (NT13s) are trade barriers that restrict imports but are not in the usual form of a tariff. Somecommon examples of NT13's are anti-dumping measures and countervailing duties. Which, although they are called "non-tariff' harriers, have the effect of tariffs once they are enacted. Their use has risen sharply after the WTO rules led to a very significant reduction in tariff use. Some non-tariff trade barriers are expressly permitted in very limited circumstances, when they are deemed necessary to protect health, safety, or sanitation, or to protect depletable natural resources. |
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