Nontariff Trade

Posted in Finance, Accounting and Economics Terms, Total Reads: 1442

Definition: Nontariff Trade

Non tariff Trade are trade barriers that restrict the imports but are not in the form of usual tariff.

Non-tariff measures are dealt with under specific WTO agreement.

Through the regular WTO work programme and negotiations, WTO Members seek to continually improve market access

Example: - Anti-dumping measures and countervailing duties are examples of non-tariff barriers but they have the effect of tariff once they are enacted.

Browse the definition and meaning of more terms similar to Nontariff Trade. The Management Dictionary covers over 7000 business concepts from 6 categories. This definition and concept has been researched & authored by our Business Concepts Team members.

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