Question

Example of an non-tariff barriers cases.

-Describe in detail how the event occurred, how it was handled, and how it affected both parties.

-Basic points: time, case bodies, dispute issue, conclusion.

Answer 1

• INTRODUCTION:

A non-tariff barrier is described by the Southern African Development Community ( SADC)
as "an any obstacle to international trade which is not an import or export duty". Non-tariff barriers to trade, according to the World Trade Organisation, include import licenses, customs valuation.

Regulations for goods, pre-shipment checks, regulations of origin ('made in') , and investment steps prepared for trade.

In general, since it restricts the workings of the free market, any obstacle to foreign trade, including tariffs and non-tariff barriers, affects the world economy. An economic loss, particularly for advocates of laissez-faire capitalism, can be considered to be the lost revenue that some businesses could experience from these barriers to trade. Laissez-faire capitalism proponents believe that governments should abstain from intervening in the free market 's operation.

CONCLUSION:

Non-tariff barriers act as a hurdle for free trade and also hampers the idea of WTO.

So there is need to curb non tariff barrires to maintain flow of trade in these tough times of COVID -19 pandemic.