Q. Which of the following is/are non-tariff barrier/s?
1.Import Tax
2.Rules of origin
3.Trade related investment measures
Select the correct answer from below given codes:

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: B
Notes:

Explanation: There can be tariff and non-tariff barriers to trade.

Tariff Barriers: Simply, a tariff barrier is a tax, and it adds to the cost borne by consumers of imported goods.

Non-Tariff Barriers (NTBs): Non-Tariff Measures (NTMs) are policy measures apart from tariffs that impact imports into a country. When NTMs become arbitrary, beyond scientific justification and create hurdles for trade, they are called NTBs.

The UN Conference on Trade and Development (UNCTAD) classifies 16 types of non-tariff barriers including-

  • Technical barriers like Sanitary and phyto-sanitary measures etc.
  • Non-technical barriers like trade-protective measures, Rules of Origin (RoO), Trade related Investment measures etc.
  • Export-related measures.

Source: FORUMIAS

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