An NTM refers to a government-imposed regulation or legislation that impacts global trade, excluding taxes on imported or exported goods. NTMs can encompass measures that either facilitate or hinder trade. It is commonly abbreviated as NTM and should not be confused with a nontariff barrier.
Nontariff measures, abbreviated as NTM, are official policies that impact international trade conditions without involving tariffs. These measures can either facilitate or hinder trade. Examples include quotas, which limit the quantity of a product that can be imported or exported, embargoes, which completely ban trade with a specific country or region, and product standards, which require products to meet certain safety, health, or environmental criteria before being imported or sold in a country. These examples demonstrate how nontariff measures can either restrict or promote trade, with quotas and embargoes limiting trade and product standards potentially increasing trade by ensuring product quality.
A nontariff measure refers to any policy or regulation implemented by a government that affects international trade but does not involve the imposition of tariffs or customs duties.
Examples of nontariff measures include quotas, licensing requirements, technical standards, sanitary and phytosanitary measures, subsidies, and embargoes.
Nontariff measures can impact international trade by creating barriers to entry, limiting market access, increasing compliance costs, and distorting competition.
Nontariff measures are legal under international trade laws as long as they are implemented in a non-discriminatory manner and do not violate any specific trade agreements or commitments made by the country.
Yes, nontariff measures can be challenged in court if they are believed to be discriminatory, disproportionate, or in violation of any applicable trade agreements. However, the specific legal avenues for challenging such measures may vary depending on the jurisdiction and the relevant trade agreements.
Businesses can navigate the complexities of nontariff measures by staying informed about the regulations and requirements of the target markets, seeking legal advice, conducting thorough market research, and ensuring compliance with relevant standards and certifications.
Yes, nontariff measures can be used for protectionist purposes, such as protecting domestic industries from foreign competition. However, such measures must still comply with international trade laws and should not be implemented in a discriminatory or unfair manner.
Yes, several international organisations, such as the World Trade Organization (WTO), the International Organization for Standardization (ISO), and the International Plant Protection Convention (IPPC), play a role in regulating nontariff measures and promoting fair trade practices.
Yes, nontariff measures can be used to address environmental or health concerns, such as imposing restrictions on the importation of products that do not meet certain safety or environmental standards. However, such measures should be based on scientific evidence and should not be implemented as disguised trade barriers.
Countries can harmonize their nontariff measures by participating in international trade negotiations, adopting common standards and regulations, promoting mutual recognition agreements, and enhancing transparency and information sharing among trading partners.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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