non-tariff measures

Non-tariff measures (NTMs) refer to trade regulations and policies that countries use to control the amount of trade across their borders without imposing tariffs, which are taxes on imports. NTMs can include quotas (limits on quantity), import licensing (permits required to bring goods in), standards for product safety and quality, and customs procedures. While they aim to protect consumers, health, and the environment, NTMs can also complicate trade and may serve as barriers for foreign goods entering a market. Understanding NTMs is essential for navigating international trade effectively.