Answer to Question #51800 in Other Economics for rini
Note on tariff and non tariff.
Tariffs barries represent taxes on imports of commodities into a country/region and are among the oldest form of government intervention in the economic activity. Non tariff barriers represent the great variety of mechanisms that countries use in order to restrict the imports. For example: - technical barriers to entry; - import licensing; - domestic content regulations; - voluntary export restrains etc.