What do you understand by non-tariff barriers? Briefly explain major kinds of non-tariff barriers and their implications for international trade

A nontariff barrier is a way to restrict trade using trade barriers in a form other than a tariff. Nontariff barriers include quotas, embargoes, sanctions, and levies. As part of their political or economic strategy, some countries frequently use nontariff barriers to restrict the amount of trade they conduct with other countries.

A nontariff barrier is a trade restriction–such as a quota, embargo or sanction–that countries use to further their political and economic goals.

Countries usually opt for nontariff barriers (rather than traditional tariffs) in international trade.

Nontariff barriers include quotas, embargoes, sanctions, and levies.

Countries commonly use nontariff barriers in international trade. Decisions about when to impose nontariff barriers are influenced by the political alliances of a country and the overall availability of goods and services.

In general, any barrier to international trade–including tariffs and non-tariff barriers–influences the global economy because it limits the functions of the free market. The lost revenue that some companies may experience from these barriers to trade may be considered an economic loss, especially for proponents of laissez-faire capitalism. Advocates of _______ ______ ________ _________ ____ ________ _____ _______ ____.
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