Simple English definitions for legal terms
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A nontariff barrier is a rule or law that a country puts in place to limit the amount of goods that can be imported or exported. It is different from a tariff, which is a tax on imported or exported goods. Nontariff barriers can include things like quotas, regulations, and licensing requirements. These barriers can make it harder for businesses to trade with other countries and can limit the choices available to consumers.
Definition: A nontariff barrier is a policy implemented by a government that restricts international trade without using tariffs. This can include regulations, quotas, and other measures that limit imports or exports.
Examples:
These examples illustrate how nontariff barriers can be used to restrict international trade. By implementing policies that limit imports or exports, governments can protect domestic industries and promote economic growth. However, these barriers can also lead to higher prices for consumers and reduced competition in the marketplace.