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Question
select all that apply
which of the following are nontariff barriers? (more than one answer may be correct)
- lengthy customs procedures
- import licensing restrictions
- limits on the quantity of a product that may be imported
- product testing requirements
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Nontariff barriers are trade restrictions other than tariffs. Lengthy customs procedures create administrative hurdles for imports. Import licensing restrictions control import access. Quantity limits (like quotas) restrict import volume. Product testing requirements impose technical barriers to trade. All these are non - tariff barriers.
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A. Lengthy customs procedures
B. Import licensing restrictions
C. Limits on the quantity of a product that may be imported
D. Product testing requirements