Saturday, October 9, 2010

non tariff barriers

Non Tariff Barriers are "barriers that restrict imports but usually not in the form as a tariff."  There are six types of NTB such as, Subsidies, import quotas, Vers, local content requirements, antidumping, and administrative policies.   The most popular type of NBT are the import quotas because foreign goods can still be imported if tariffs are paid.  In 2008, India was ranked 71st in (ETI) because of the trade barriers placed upon them. Even though India meets the needs of many exporters and importers, the flow of goods across borders was being handled by corrupt practices.  Antidumping and administrative policies are effective tariff barriers.  They are used for consumer protection, sanitation, and safety which today, seem to interfere with market access and developing countries, such as India.

http://www.business-standard.com/common/news_article.php?leftnm=3&autono=326530