NTBs

Which of the following best describes non-tariff barriers (NTBs)?

• Taxes imposed on imported goods

• State-ordered actions designed to pressure foreign exporters

• Trade agreements between countries

• Quotas limiting the quantity of imported goods

TRUE or FALSE: Embargoes an example of non-tariff barriers

• True

• False

Which of the following is not a non-tariff barriers?

• A quota on apparel

• A tax equal to 12% of value on imported oil

• A voluntary export restraint on cars

• A regulation requiring government agencies to favor domestically produced producers

What are the impacts of NTBs on Global Trade during the COVID-19 pandemic?

• Supply Chain Disruptions

• Trade restrictions and disruptions

• Public health and

  spread of viruses

• Disparities in Access to Medical Supplies

How do non-tariff barriers (NTBs) impact supply chains during the pandemic?

• By reducing the demand for essential goods and services

• By increasing the efficiency of global trade operations

• By disrupting the movement and availability of goods

• By promoting trade diversification and alternative supply chains

What is the primary purpose of health and safety regulations as non-tariff barriers during the pandemic?

• To protect public health and prevent the spread of the virus

• To facilitate the movement of goods and services across borders

• To ensure compliance with international trade agreements

• To restrict trade and protect domestic industries

Why is addressing NTBs important for ensuring equitable access to vaccines?

• It helps governments prioritize vaccine distribution based on economic factors

• It facilitates the timely and efficient distribution of vaccines to countries in need

• It ensures that vaccines are available only to high-income countries

• It promotes competition and market access for pharmaceutical companies

TRUE or FALSE: Non-tariff barriers are trade barriers that stimulate the import or export of goods through means other than tariffs

• True

• False

Objectives of NTBs adopted during COVID-19

• Ensure adequate and reasonable domestic supply of necessities and medical goods

• To eliminate entry of potential disease carriers into the national borders

• Manage domestic demand and supply

• All of the above

How can understanding and addressing non-tariff barriers contribute to economic resilience during the pandemic?

• By promoting regional integration and cooperation

• By increasing the reliance on a few trading partners

• By imposing strict export restrictions and import bans

• By reducing the need for trade facilitation measures