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1. Discuss The Various Forms Of Non-Tariff Barriers Used By Countries To Limit The Free Flow Of Trade. 'A non-tariff barrier may be defined as any regulation other than a tariff or other discretionary policy that restrict international trade. This includes measures taken at the border such as quantitative restrictions on access and procedures that favour domestic products over imports, for instance, subsidies'1 Gilberto Sarfati With the success of trade liberisation in manufacturing products, the major remaining barriers to trade are non-tariff barriers (NTB), such as government procedurement policies, customs procedures, health & sanitary regulations, national standards and a broad range of other laws and regulations that discriminate against imports or other assistance to exports. Other examples of non-tariff measures are regional policy, agricultural policy, consumer & environmental protection. Governments have tried to insulate the domestic economy from international competition through various national policies.; * Use of a combination of tax and financial incentives...

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