Non-Tariff Barriers:
During his visit to Jaipur, US Vice President urged India to eliminate non-tariff barriers (NTBs) to enhance market access for American goods.
- NTBs are trade restrictions other than customs duties that hinder the free flow of goods and services across borders.
- They include both technical (e.g., certification) and non-technical (e.g., quotas) regulatory measures.
- Increase compliance costs for exporters through mandatory testing, documentation, and redesign.
- Cause logistical delays at ports due to complex inspections and procedural formalities.
- Reduce the competitiveness of exporters, particularly from developing countries.
- Create uncertainty and risk, deterring small businesses from entering global markets.
- NTBs can be used strategically to protect domestic industries without violating WTO tariff rules.
- They often lack transparency, creating an uneven playing field for global trade.
- NTBs, if arbitrary or without scientific basis, violate the principle of fair trade under WTO norms.
