In the context of foreign trade which of the following is are Non Tariff Barrier s 1 ...........

Economic Affairs Foreign Trade - Trends and Policy

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In the context of foreign trade which of the following is/are Non-Tariff Barrier/s?

1. Imposing minimum technological standards on objects being traded

2. Imposing restrictions on account of concern for environment and human health.

3. Imposing Quantitative restrictions on import or export items through Quota System.

4. Administrative and Bureaucratic delays at international borders

Select the correct answer using codes given below

1 and 2 only

1,2 and 3 only

2, 3 and 4 only

All of the above

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Explanation:

Solution- Non-tariff barriers to trade (NTBs) or sometimes called "Non-Tariff Measures (NTMs)" are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs.
Instead of being related to tariffs NTBs are more related to the administrative bureaucracy, whose actions, however, restrict trade, for example: customs procedures, technical standards and norms, sanitary and veterinary standards, requirements for labeling and packaging, bottling, etc