You are on page 1of 1

The most common measures to trade is Tariff measures, a tax on imports.

Tariffs raise the price of


imported goods relative to domestic goods. A Tariff is imposed upon imports to protect local
industries and companies. Examples are government imposed tariffs to protect domestic automobile
industry, sugar industry, cement industry and steel industry. Non-tariff measures, on the other hand,
includes all measures, other than Tariffs, the effect of which is to restrict imports, or to significantly
distort trade. A form of restrictive trade where measures to trade are set up and take a form other
than a Tariff. Non-tariff measures also inlcudes quotas, levies, embargoes, sanctions.

You might also like