Non Tariff Measures (NTM)
Ideal for ensuring sustainable growth in a globalized marketplace.
Overview
A Non Tariff Measure is any measure, other than a customs tariff, that acts as a barrier to international trade. These include:
Regulations - Any rules which dictate how a product can be manufactured, handled, or advertised.
Rules of Origin - Rules require proof of which country goods were produced in.
Examples of NTMs are quotas, embargoes, sanctions, and levies. As part of their political or economic strategy, some countries frequently use Non Tariff Measures to restrict the amount of trade they conduct with other countries.
Let's understand the importance of NTM
How do Non Tariff Measures work?
Non Tariff Measures (NTMs) are policy measures other than tariffs that can potentially have an economic effect on international trade in goods. They are increasingly shaping trade, influencing who trades what and how much. For exporters, importers, and policymakers, NTMs represent a major challenge. Though many NTMs aim primarily at protecting public health or the environment, they also substantially affect trade through information, compliance, and procedural costs.
Is your product HS code comes under the purview of any NTM? Let’s find out!
How can we help?
Non Tariff Measures have a significant impact on international trade, affecting market access, compliance, risk management, and competitiveness.
We help businesses to understand and navigate NTMs to:
a. Facilitate trade, and meet regulatory requirements
b. Protect consumers
c. Seize market opportunities
By addressing Non Tariff Measures effectively, businesses can enhance their trade performance and ensure sustainable growth in a globalized marketplace.