The US has put in place as many as 8,453 NTBs, followed by the EU (3,119), China (2,971), South Korea (1,929) and Japan (181), shows a commerce ministry analysis, based on the WTO data (See chart). In contrast, India has imposed only 504 NTBs.
Major developed and developing countries, such as the US, China, South Korea, Japan and those in the EU, have erected huge non-tariff barriers (NTBs) to mask the ferocity of their trade protectionism and discourage “undesirable imports”, even though they claim to maintain a low-tariff regime.
The US has put in place as many as 8,453 NTBs, followed by the EU (3,119), China (2,971), South Korea (1,929) and Japan (181), shows a commerce ministry analysis, based on the WTO data (See chart). In contrast, India has imposed only 504 NTBs.
Source: Financial Express
