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Question
Distinguish between the following:
Tariff and Non-tariff barriers.
Solution
| Sr. No. | Tariff Barriers | Non-Tariff Barriers |
| 1. | Taxes or levies applied on imported goods are referred to as tariff barriers. | Import restrictions other than tariffs are known as non-tariff barriers. |
| 2. | To protect the home industry and raise the cost of imported items. | To control imports' amount, quality, and admission without imposing direct tariffs. |
| 3. | Customs tariffs, import taxes, and export taxes. | Rules, standards, embargoes, import limitations, and licensing requirements. |
| 4. | Lowers the demand for imported goods by raising their price. | Creates procedural and administrative barriers to international trade. |
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