TARIFF BARRIERS

In international trade tariff refer to the duties or taxes imposed by a government on internationally traded commodities when they cross its national borders. They include duties, columned-tariffs, Countervailing and Anti-Dumping Duties. They are explained briefly in the following: 1. Import Duties: Import duty is a tax imposed on a Read more…

NON-TARIFF BARRIERS

These barriers have grown considerably since the beginning of 1980s and include Quotas, Boycotts, Monetary Barriers, Voluntary Export Restraints, Standards and Dumping. 1. Quotas Quotas are the most important non-tariff trade barriers. They are direct quantitative restrictions on the amount and specified units of commodities allowed to be imported or Read more…

BRUSSELS TARIFF NOMENCLATURE

After coming into being on January 01, 1958, the European Economic Community (EEC) adopted a common external tariff which was set at the average of 1957 tariff of six member-nations, viz. West Germany, Luxembourg, Italy, France, Belgium and the Netherlands. This helped in developing free trade in industrial goods and Read more…