Buy custom Tariff and non-tariff barriers
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Business
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5 / 1213 |
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An ad valorem tax is applied at a fixed percentage of the value of the import (Saranovic, 2006). If there were a 1.5% tax levied against the wines, then three dollars would be gained in tariff revenue on each 200-dollar bottle of wine and only three cents on the two-dollar bottle.
Non-tariff trade barriers are other mechanism that is used by the government to further protect the domestic industries...
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One of the examples of Non-tariff trade barrier is domestic content requirement. Domestic content requirement not only protect the local industries, it also helps the supporting industries to prosper and gain a larger market share.
Non-tariff barriers are restrictions imposed upon countries such as voluntary export restrictions, antidumping and subsidies, quotas (Hill, 2004...
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