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State and explain the non- tariffs forms of protectionism

      

Give 5 well explained poins

  

Answers


John
1.Quotas-this refers to the quantitive limits place on importation of certain commodities which can be in terms of value or volume.
2. Subsidies-This is an indirect measure by government for domestic industries so as to reduce price for domestic products making it difficult for foreign product to compete with.
3. Bureaucratic export procedures- These are complex and time consuming procedures for goods entering the country and may increase the difficulty and cost of exporting.
4.public procurement policy- This requires that some proportion of public expenditure to be spent domestically produced commodities.
5. Voluntary agreements- This is where the country which officially adhere to free trade policies are signatories of liberal international trade agreements become concerned by level of imports by some countries and decide to limit the imports.
Jonmhumble answered the question on October 18, 2017 at 21:00


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