There are different ways to increase import trade barriers. The easiest way is to create a tariff. To discourage the use of tariffs, the tra

There are different ways to increase import trade barriers. The easiest way is to create a tariff. To discourage the use of tariffs, the trade agreements promote the use of non-tariff trade mechanisms. Quotas are an example of a non-tariff trade policy.
Another example of a non-tariff trade policy would be _____.

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  1. Answer: Local Content Requirement

    Explanation: As a tax on goods bought from abroad or exported out of the states, tariff is very necessary to maintain a country but the likes of goods produced in the states should its tariff should be reduced.

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