Non-Tariff Barriers to Trade

The video discusses non-tariff barriers (NTBs) as forms of protectionism that impact trade flows without using import tariffs. It highlights the decline in global import tariffs and the rise of NTBs, providing ten examples such as import quotas, voluntary export restraints, intellectual property laws, and technical barriers. The video also covers state procurement policies, subsidies, financial protectionism, and exchange controls. It concludes with a discussion on trade retaliation and the significance of NTBs in the global economy.

What is a non-tariff barrier?

• A free trade agreement

• A subsidy for domestic producers

• A policy measure affecting trade without using tariffs

• A tax on imported goods

Which of the following is an example of a quota?

• A limit on the number of cars imported annually

• A tax on imported electronics

• A subsidy for local farmers

• A ban on foreign investments

What is a voluntary export restraint?

• A ban on certain imports

• A government-imposed import tax

• An agreement between countries to limit exports

• A subsidy for exporting goods

How do intellectual property laws act as non-tariff barriers?

• By restricting the flow of capital

• By protecting domestic innovations and products

• By imposing tariffs on foreign goods

• By providing subsidies to local businesses

What is a technical barrier to trade?

• A tax on imported goods

• A regulation that increases compliance costs

• A restriction on foreign investments

• A subsidy for domestic producers

What is the purpose of a preferential state procurement policy?

• To favor foreign businesses in government contracts

• To provide subsidies to exporters

• To impose tariffs on imported goods

• To favor domestic businesses in government contracts

How do subsidies help domestic firms?

• By lowering their production costs

• By increasing their production costs

• By imposing tariffs on their products

• By restricting their market access

What is financial protectionism?

• A tax on imported goods

• A measure that prioritizes domestic businesses for credit

• A policy that restricts foreign investments

• A subsidy for local producers

What are exchange controls?

• Subsidies for exporting goods

• Tariffs on imported goods

• Taxes on foreign currency transactions

• Limits on the amount of capital flowing across borders

How can currency devaluation be considered a non-tariff barrier?

• It acts as a subsidy for domestic producers

• It restricts foreign investments

• It makes exports more competitive

• It increases the cost of imports