Terms

Non Tariff Barriers

Abbreviation
NTBs
Non Tariff Barriers are subtle forms of discrimination that countries uses against foreign goods in support of domestic produceres

  • Often are protectionist in purpose and far-fetched
  • Have slowly been removed over time along with WTO trade agreements (far fewer in 2018 than 1970s)


NTB Examples

  • Health and Safety Regulations biased against foreign suppliers
  • Permit or License requirements that are rarely granted or delayed
  • "Buy National" government procurement rules