Notariff Barrier to Trade 6.pptVIP

Notariff Barrier to Trade Definition Any policy used by governments to reduce imports other than tariffs. Nowadays, nations have resorted to NTBs more frequently for protection in lieu of tariffs. Modes of NTBs Import quota a government agency allocates the rights to import limits the number of goods (not the price) for a given time period Voluntary export restraints foreign suppliers agree to “voluntary” refrain from sending some exports VOLUNTARY EXPORT RESTRAINTS (VER) The government of the importing country coerces the foreign exporting country to agree “voluntarily” to restric