nontariff barriers

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Economic obstructions to international trade other than tariffs. Non-tariff barriers include: prohibitions and quotas; oppressive and dilatory procedures for the routing and documentation of imports; regulations allegedly for health and safety purposes; requirements for prior deposit of the cost of imports in blocked bank accounts; the requirement of licences or specific foreign currency allocations; and voluntary export restraint agreements with foreign exporters.

Subjects: Economics.

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