Non Tariff Measures (NTM)
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.
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.
Let's understand why are NTMs so important
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 facilitate trade, meet regulatory requirements, protect consumers, and seize market opportunities. By addressing Non Tariff Measures effectively, businesses can enhance their trade performance and ensure sustainable growth in a globalized marketplace.