Tag Archives: International Shipping insurance

Non-Tariff Barriers (NTBs) significantly influence global trade flows, often presenting hidden costs and challenges beyond the visible tariffs. NTBs include financial restrictions like the control of clearing houses, international insurance limitations, and stringent domestic labeling requirements, which can impede foreign competition. Other NTBs involve bureaucratic delays, import quotas, and digital trade restrictions. Understanding these barriers is crucial for businesses, as they can disrupt trade and increase operational costs just as much as tariffs.