TARIFF AND NON-TARIFFS BARRIER AND REGIONAL ECONOMIC INTEGRATION

Presented To: Dr.Raj Kumar Gautam Sharma

Presented By: Mandeep Roll No-2110 MBA_2

TARIFFS

Tariffs are usually associated with protectionism, a government's policy of controlling trade between nations to support the interests of its own citizens

NECESSITY OF TARIFFS

To protect newly established domestic industries from foreign competition. To protect Old and inefficient domestic industries from foreign competition. To protect domestic producers from "dumping" by foreign companies or governments. To raise revenue. Equal distribution of the wealth

TYPES OF TARIFFS

Revenue Tariffs Ad valorem Tariffs Specific Tariffs Combined Tariffs Prohibitive Tariffs

NON TARIFFS

Non-tariff barriers to trade (NTBs) are trade barriers that restrict imports but are not in the usual form of a tariff .

NON TARIFF BARRIER

Intellectual Property Rights Embargo Voluntary Export Restraints Anti-dumping duties Countervailing duties Quotas Standards State Trading

Regional Economics Integration

BENEFITS
Trade Creation Foreign Competition Global Presence of Local Business Political Cooperation

DRAWBACKS
Trade diversion Backlash of Globalization Shift in employment