Non-Tariff Measures Quiz
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Non-Tariff Measures Quiz

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Questions and Answers

What is a characteristic of Sanitary and Phytosanitary (SPS) Measures?

  • They primarily focus on trade tariffs.
  • They concern only non-food products.
  • They aim to reduce the amount of agricultural exports.
  • They protect animal and plant life from risks. (correct)

    • Which of the following best describes Technical Barriers to Trade (TBT)?

  • They are a type of import tariff.
  • They set mandatory standards for product characteristics. (correct)
  • They only apply to agricultural goods.
  • They focus on consumer pricing strategies.

    • What distinguishes Non-Tariff Measures (N7M) categorized as 'Small/Narrow'?

  • They are wider in scope than 'Big/Whole' measures.
  • They are a subset of larger non-tariff measures. (correct)
  • They encompass a broader range of regulations.
  • They only target trade in certain commodities.

    • What could 'Barrless' in the context of Non-Tariff Barriers (NTB) potentially refer to?

    <p>The absence of any trade restrictions.</p> Signup and view all the answers

    Which type of measure includes prohibiting the movement of diseased animals?

    <p>Sanitary and Phytosanitary (SPS) Measures</p> Signup and view all the answers

    Which of the following is NOT a non-technical measure in trade requirements?

    <p>Product specifications</p> Signup and view all the answers

    What do import quotes specifically restrict?

    <p>The allowable amount of goods imported</p> Signup and view all the answers

    Which measure is intended to protect domestic industries from unfair competition?

    <p>Anti-dumping measures</p> Signup and view all the answers

    Which of the following is considered a technical measure related to trade?

    <p>Energy</p> Signup and view all the answers

    What is considered a potential threat to trade?

    <p>Anti-dumping measures</p> Signup and view all the answers

    What is the purpose of price control measures?

    <p>To support the domestic price of certain products.</p> Signup and view all the answers

    What does a minimum import price for a commodity imply?

    <p>There is a floor price established for the good, below which it cannot be imported.</p> Signup and view all the answers

    What is a characteristic of non-automatic licensing?

    <p>It restricts the quantity of goods that can be imported.</p> Signup and view all the answers

    What happens if an entity wants to import beyond the established limit?

    <p>They need to apply for extra licenses.</p> Signup and view all the answers

    In what situation might discretionary licensing be employed?

    <p>When importing countries want to restrict quantities of specific goods.</p> Signup and view all the answers

    What is the primary objective of financial measures in this context?

    <p>To increase access to the cost of foreign exchange for imports</p> Signup and view all the answers

    What does the term 'Measures Affecting Competition' refer to in this context?

    <p>Measures granting exclusive preference to limited groups of economic operations</p> Signup and view all the answers

    What example is given regarding measures that affect competition?

    <p>Wheat Imports</p> Signup and view all the answers

    What does the government procurement policy prioritize?

    <p>Local tenders over foreign tenders</p> Signup and view all the answers

    In the context of increasing imports cost, what is being pursued?

    <p>Trying to increase the cost of imports</p> Signup and view all the answers

    What do Non-Tariff Measures (NTM) consist of?

    <p>Mandatory requirements or regulations legally set by the government</p> Signup and view all the answers

    How do Non-Tariff Measures (NTM) and Non-Tariff Barriers (NTB) relate to each other?

    <p>NTM is a subset of NTB</p> Signup and view all the answers

    Which of the following statements about Non-Tariff Barriers (NTB) is true?

    <p>NTB falls under the umbrella of NTM</p> Signup and view all the answers

    Which of the following best describes Non-Tariff Measures (NTM)?

    <p>Regulatory measures that affect international trade but are not tariffs</p> Signup and view all the answers

    Which is a key difference between NTM and NTB?

    <p>NTB encompasses a wider range of trade restrictions than NTM</p> Signup and view all the answers

    What may restrict post-sales services in India?

    <p>Local service provider reservations</p> Signup and view all the answers

    Which procedural obstacle can hinder the importation of goods?

    <p>Certificates regarding origin</p> Signup and view all the answers

    What do rules of origin primarily affect?

    <p>Import restrictions</p> Signup and view all the answers

    What might minimum component requirements for imported goods necessitate?

    <p>Higher manufacturing costs</p> Signup and view all the answers

    Which of the following is essential in import/export administrative procedures?

    <p>Government regulations</p> Signup and view all the answers

    What must imported components in certain products meet?

    <p>Specific minimum levels</p> Signup and view all the answers

    What is one restriction placed on the purchases of certain products?

    <p>Certain components may be restricted for purchase</p> Signup and view all the answers

    What is regulated regarding imported raw products?

    <p>Their use in manufacturing</p> Signup and view all the answers

    What do distribution policies for imported goods require?

    <p>Additional licenses may be required</p> Signup and view all the answers

    Where can imported fruits typically be sold according to distribution channel restrictions?

    <p>Outlets with refrigeration facilities</p> Signup and view all the answers

    What is a safeguard measure in the context of trade restrictions?

    <p>A temporary limit on imports of certain products.</p> Signup and view all the answers

    What does an embargo entail?

    <p>A complete ban on the export or import of a specific product.</p> Signup and view all the answers

    What is the primary purpose of export restrictions?

    <p>To protect local supplies or control markets.</p> Signup and view all the answers

    What does 'export to' imply in trade restrictions?

    <p>Restrictions on exporting to specific countries or groups.</p> Signup and view all the answers

    What does a ban on export signify?

    <p>The government prohibits the export of certain goods.</p> Signup and view all the answers

    What is the purpose of a ban on exports during a shortage?

    <p>To ensure availability of products for domestic consumption</p> Signup and view all the answers

    Which type of export tax sets a fixed amount per unit regardless of value?

    <p>Specific tax</p> Signup and view all the answers

    What is a drawback in the context of export subsidies?

    <p>A refund of duties on imported materials used for exported products</p> Signup and view all the answers

    What does duty fare refer to?

    <p>A fee that reduces or offsets import duties</p> Signup and view all the answers

    Which of the following best describes export subsidies?

    <p>Financial incentives to promote exports by offsetting costs</p> Signup and view all the answers

    What characterizes Voluntary Export Restraints (VERs)?

    <p>They limit the quantity of goods exported voluntarily.</p> Signup and view all the answers

    What is the purpose of a quota in trade?

    <p>To restrict the quantity of a good that can be exported.</p> Signup and view all the answers

    Under what circumstance might VERs be imposed?

    <p>To avoid trade disputes with importing countries.</p> Signup and view all the answers

    Which statement is true regarding the administration of VERs?

    <p>They involve imposing quotas on exported items.</p> Signup and view all the answers

    What is the role of trade agreements like EPAs and ECTAs in relation to export restrictions?

    <p>They can potentially affect how export restrictions are implemented.</p> Signup and view all the answers

    Study Notes

    Non-Tariff Measures (NTM)

    • NTM are mandatory requirements or regulations set by the government of exporting or importing countries.
    • NTM include:
      • Importing country regulations
      • Transit country regulations
      • Exporting country regulations
    • NTM are a subset of Non-Tariff Barriers (NTB).
    • NTBs are a wider category that includes NTM.

    Types of Technical Measures

    • The document describes two main types of measures:
      • NTM: Non-Tariff Measures
      • NTB: Non-Tariff Barriers
    • Technical Barriers to Trade (TBT) are a subset of NTBs that focus on mandatory standards and technical regulations for products.

    Trade Requirements

    • Trade requirements can be categorized into:
      • Non-Technical Measures: Related to shipping, customs, trade rules, and taxation policies.
      • Technical Measures: Related to product specifications, energy, sodium, and fat content.

    Import Quotes

    • Import quotes are restrictions on the physical quantity of goods allowed to be imported within a specific timeframe (usually one year).

    Other Measures

    • Other measures that affect trade include:
      • Threats: potential risks to trade
      • Anti-dumping measures: safeguards for domestic industries
      • Safeguards: measures to protect domestic industries

    Price Control Measures

    • Price control measures aim to influence the prices of imported goods to support domestic product prices.

    Non-automatic Licensing and Prohibitions

    • Non-automatic licensing and prohibitions are used to limit the quantity of goods imported.
    • This may apply regardless of the origin of the goods.

    Financial Measures

    • Financial measures aim to impact the cost of foreign exchange for imports and dictate payment terms.

    Measures Affecting Competition

    • Some measures aim to give preference to certain economic operations, potentially limiting competition.

    Government Procurement Policy

    • Governments may prioritize local tenders over foreign tenders.

    Instrument Regulations

    • The document specifies regulations for a specific product (likely a fruit) with a focus on imported components.

    Restrictions on Instrument Use

    • There are regulations related to:
      • Level of Imported Components: Defined minimum percentages are required in certain products.
      • Purchase Restrictions: Limits on the purchase of specific products or components.
      • Imported Raw Product Usage: Rules for the use of imported raw materials in manufacturing.

    Distribution Restrictions

    • Regulations include restrictions on:
      • Distribution Policies: Additional licenses might be required for the distribution of imported goods.
      • Distribution Channels: Restrictions on where imported goods can be sold (e.g., only outlets with refrigeration facilities).

    Indian Trade Regulations

    • The document discusses trade regulations in India, covering:
      • Restrictions on Post-Sales Services: Local service providers may be required for services related to imported goods.
      • Administrative Procedures and Formalities: Specific procedures and formalities for goods imported into India.
      • Obstacles in Procedures: Procedural challenges, such as certificate requirements, can hinder imports.
      • Rules of Origin: Regulations regarding the origin of products.
      • Minimum Component Requirements: Minimum percentages of certain components may be required for imported goods.

    Instrument Notes

    • The document describes various trade restriction instruments:

    Safeguard Measures

    • Safeguard measures temporarily restrict imports of specific products.

    Embargoes

    • Embargoes completely ban the export or import of a particular product for an indefinite period.

    Export Restrictions

    • Export restrictions can include:
      • Ban on Exports: The government prohibits the export of certain goods.
      • Export to: Banning exports to a particular country or region.
      • Export of goods: Specific goods restricted for export.
    • The document details three types of export-related measures:

    I. Ban on Exports

    • During periods of shortages, exports of agricultural products are often banned to ensure domestic availability.

    II. Export Taxes

    • Export taxes are collected on exported goods.
    • Types of export taxes:
      • Specific Tax: Fixed amount per unit.
      • Ad Valorem Tax: Percentage of the value of the exported goods.

    III. Export Subsidies & Incentives

    • Export subsidies or incentives are provided to encourage or support exports.
    • Examples include:
      • Duty Drawback: Refund of duties paid on imported goods used in the production of exported goods.
      • Duty Fare: Fees or charges that reduce import duties.

    Instrument Description

    • The document discusses voluntary export restraints (VERs).

    Voluntary Export Restraints (VERs)

    • Mechanism: Exporting countries voluntarily limit the quantity of goods exported.
    • Administration: Often quotas (limits) are imposed.
    • Examples:
      • Implemented to avoid trade disputes with importing countries.
      • Governments set limits on the number of specific items allowed for export.

    Quota

    • A quota is a limit on the quantity of a good that can be exported.
    • Quotas are implemented by governments to control trade.

    Other Mentions/Related Information

    • Trade agreements like:
      • Comprehensive Economic Partnership Agreements (CEPA) - with UAE.
      • Economic Cooperation & Trade Agreements (ECTA) - with Australia.
    • Agreements like these can impact export restrictions.

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    Description

    Test your knowledge on Non-Tariff Measures (NTM) and Non-Tariff Barriers (NTB). This quiz covers the definitions, types, and trade requirements associated with these important regulatory frameworks. Enhance your understanding of international trade regulations and their implications.

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