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Tariff & Non-Tariff Barriers, International Business Video Lecture | International Business - B Com
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FAQs on Tariff & Non-Tariff Barriers, International Business Video Lecture - International Business - B Com
| 1. What are tariff barriers in international business? |  |
Tariff barriers refer to taxes or duties imposed by governments on imported goods. These barriers are designed to protect domestic industries by making imported goods more expensive, thus encouraging consumers to buy locally produced goods.
| 2. Can you provide examples of tariff barriers? | |
Yes, examples of tariff barriers include import duties, customs fees, and quotas. Import duties are taxes imposed on imported goods, customs fees are charges for processing imported goods through customs, and quotas limit the quantity of imported goods that can enter a country.
| 3. What are non-tariff barriers in international business? | |
Non-tariff barriers refer to restrictions on trade that are not in the form of taxes or duties. These barriers can take various forms such as technical regulations, licensing requirements, and subsidies, and are often used to protect domestic industries or ensure safety and quality standards.
| 4. How do non-tariff barriers affect international trade? | |
Non-tariff barriers can significantly impact international trade by making it more difficult for foreign companies to enter a market. These barriers can increase the cost and time required to comply with regulations, limit market access, and create unfair advantages for domestic industries.
| 5. What are some examples of non-tariff barriers? | |
Examples of non-tariff barriers include product standards and regulations, sanitary and phytosanitary measures (SPS), technical barriers to trade (TBT), intellectual property protection, subsidies, and government procurement policies. These barriers can vary across industries and countries, making it challenging for businesses to navigate international trade.
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Nov 16, 2024 Last updated |
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