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TARIFF AND NON-TARIFFS BARRIER

AND

REGIONAL ECONOMIC INTEGRATION

Presented To: Presented By:

Dr.Raj Kumar Gautam MandeepSharma

Roll No-2110MBA_2

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TARIFFS

Tariffs are usually associated with protectionism, a

government's policy of controlling trade between nations

to support the interests of its own citizens

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NECESSITY OF TARIFFS

To protect newly established domestic industries from

foreign competition.

To protect Old and inefficient domestic industries from

foreign competition.

To protect domestic producers from "dumping" by

foreign companies or governments.

To raise revenue.

Equal distribution of the wealth

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TYPES OF TARIFFS

Revenue Tariffs

Ad valorem Tariffs

Specific Tariffs Combined Tariffs

Prohibitive Tariffs

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NON TARIFFS

Non-tariff barriers to trade (NTBs) are trade

barriers that restrict imports but are not in the usual

form of a tariff .

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NON TARIFF BARRIER

Intellectual Property Rights

Embargo

Voluntary Export Restraints

Anti-dumping duties Countervailing duties

Quotas

Standards

State Trading

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Regional Economics Integration

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BENEFITS

Trade Creation

Foreign Competition

Global Presence of Local Business Political Cooperation

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DRAWBACKS

Trade diversion

Backlash of Globalization

Shift in employment