Non-Tariff Barriers

Subject – Economy

Context – Piyush Goyal asks industry to flag non-tariff barriers in exports

Concept –

Non-tariff barriers are the government policies other than tariffs that tend to distort trade.
Non-tariff barriers can be of two types, one that has direct influence on the price of the goods being imported and the other that influences or controls the quantity of the goods being imported.
Nontariff barriers include quotas, embargoes, sanctions, levies and other restrictions.