English Department Hosts 3rd Student Exhibition (Grammatically Correct: A Poster Presentation Event)
A seminar at Department of banking and financial science.
Department Of Banking and Financial science in Cihan University/ slemani held a seminar on 1st April 2019 titled( The impact of non-tariff measures on international trade) by Asst. Lecturer. Massod Ali Khalid.
Non-tariff measures inhabit the grey zone where trade policy meets national regulation. They are generally defined as policy measures other than ordinary customs tariffs that can potentially have an economic effect on international trade. While tariffs are relatively transparent and have been regularly compiled into public databases, non-tariff measures are not always easy to identify and have only been sporadically collected for relatively few countries. With new data, this report sheds new light on the usage and impact of NTMs.
Most traded goods are affected by non-tariff measures. The majority of NTMs are regulatory measures while traditional trade measures such as quotas and non-automatic licensing are now less common. Since most regulations apply equally to domestic products, NTMs affect most of the products that we encounter in our daily lives: packaging requirements and limits on the use of pesticides ensure safe food; restrictions on toxins in toys protect our children; mandatory voltage standards for household plugs enable regional mobility; and emission standards for cars limit climate change.
While tariffs are clear in their intent, the role of NTMs is less straightforward. On the one hand, many regulatory NTMs are indispensable for sustainable development. They aim to protect human, animal or plant health as well as the environment. These objectives are at the core of social and environmental sustainability policies and the measures are legitimate tools in countries’ efforts to achieve the Sustainable Development Goals. On the other hand, NTMs can also raise costs and create hurdles for trade and economic development. Private sector surveys indicate that technical regulations as well as related processes pose a significant challenge for trade.
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