TARIFF

Atariff is a tax imposed on goods

involved in International Trade.
 Export Tariff are the taxes that are
levied on goods when they leave the
country.
 Import Tariff are the taxes on the goods
which are imported.
 Transit Tariff are the taxes which are
imposed on the goods as they pass
through one country bound for another.
NON-TARIFF
Any government regulation, policy, or
procedure other than a tariff that has a
effect of restricting international trade or
effecting overseas investment becomes
a non tariff barrier.
 Quotas
 Quotas refers to numerical limits on the
quantity of goods that may imported or
exported by the country.
Types of Quotas
 Tariff Quotas
 It combines the feature of tariff as well
as quota. Under a tariff quota imports of
a commodity up to a specified volume
are allowed duty free or at a special low
rate but any imports in excess of this
limits are subject to duty or a higher rate
of duty.
 MIXING QUOTAS
 Under this quota the producers are
obliged to utilize the domestic raw-
materials up to a certain proportion in
the production of the finished goods.
VOLUNTARY QUOTAS
o A voluntary quota is a formal agreement
between nations or between a nation and an
industry. This agreement usually specifies
the supply of product and volume.
 SUBSIDIES
 A Subsidy is a government payment to a
domestic producer. Subsidies take
several forms such as , cash grants ,
low-interests rates, tax breaks, and
government equity participation in local
firms. By lowering the costs, subsidies
help domestic producers in two ways:-
they help them compete low-cost foreign
imports and gain access to export
markets.
 EMBARGO
 It refers to a complete ban on trade
(import or export) in one or more
products with a particular country. It may
be placed on one or more goods or
completely ban trade in all goods. It is
the most restrictive non-tariff trade
barrier.(it can also be termed as
absolute quota)
 CURRENCY CONTROLS
 Currency control refers to restrictions on
the convertibility of currency into other
currencies.
 LOCAL CONTENT
REQUIREMENTS
 Local Content Requirements refers to
the legal stipulation that a specified
amount of a good or service be supplied
by producers in a domestic market.
 PRODUCT & TESTING
STANDARDS
 This non-tariff barrier requires that
foreign goods meet a country’s domestic
product or testing standards before they
can be offered for sale in that country.