International Trade Question

In international trade there are two types of barriers to trade: Tariff and non-tariff.

As a guide:

Worldwide, governments use three types of tariff barriers when valuing an imported product and to assess duties due that government. In addition, they may use two types of non-tariff barriers: monetary and market.

Questions:

• Identify and give a brief 1 to 2 line explanation of the three tariff methods that governments’ use to value an imported product and assess duties due that government.
• Identify the three monetary barriers and give a brief 1 to 2 line explanation of each.
• Identify 5 market barriers and give a brief 1 to 2 line explanation of what each one means.
• How will these barriers affect your decisions when taking your business overseas?

The assignment must be typed, not hand written. Expected length is about 2 pages.