What is the most common form of non-tariff barriers?
Explain it in a few words. Quotas or quantitative restrictions are the most common form of non-tariff barriers. A quota limits the imports or exports of a commodity during a given period of time. The limits may be in quantity or value terms, and quotas may be on a country basis global, without reference to countries. The may be imposed unilaterally and can also be negotiated on a so-called voluntary basis. Obviously, exporting countries do not readily agree to limit their sales. Thus, the “voluntary” label generally means that the importing country has threatened to impose even worse restrictions if voluntary cooperation is not forthcoming. (8) What are the differences between visible trade and invisible trade? Give a few examples of invisible trade. Transportation service across national boundaries is an important kind of invisible trade. International transportation involves different means of transport such as ocean ships, planes, trains, trucks and inland water vessels. However, th
