Tariff and non tariff barriers in international trade pdf
Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country. Last published date: 2019-10-13 Germany's regulations and bureaucratic procedures can be a difficult hurdle for companies wishing to enter the market and require close attention by U.S. exporters. A tariff is a tax imposed on the import or export of goods.1 In general parlance, however, a tariff refers to “import duties” charged at the time goods are imported.2 (b) Functions of Tariffs Tariffs have three primary functions: to serve as a source of revenue, to protect domestic industries, and to remedy trade distortions (punitive Non-tariff Barriers: While tariff constitute ‘visible’ barriers to trade, the non-tariff barriers, by contrast, constitute the hidden or ‘invisible’ barriers to trade. The non-tariff barriers mainly include direct restrictions (the so-called quotas), monetary restrictions, and technical and administrative regulations.