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Economics miscellaneous

  1. Which among the following is not a non-customs duty obstacle in the world trade?
    1. Quantity restriction
    2. Establishment of Standard of labour in manufacturing
    3. Determination of import duty uniformly
    4. Restrictions on goods quality
Correct Option: C

Non-tariff barriers to trade include import quotas, special licenses, unreasonable standards for the quality of goods, bureaucratic delays at customs, export restrictions, limiting the activities of state trading, export subsidies, countervailing duties, technical barriers to trade, sanitary and phytosanitary measures, rules of origin, etc. Determination of import duty uniformly is come under the sovereign duty of a nation. It is internal development.



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