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Chapter 9

Chapter 9. Nontariff Barriers to Imports . Figure 9.1 – Major Types of NTBs. Figure 9.2 – The Effects of an Import Quota under Competitive Conditions, Small Importing Country. Figure 9.3 – The Effects of an Import Quota under Competitive Conditions, Large Importing Country.

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Chapter 9

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  1. Chapter 9 Nontariff Barriers to Imports

  2. Figure 9.1 – Major Types of NTBs

  3. Figure 9.2 – The Effects of an Import Quota under Competitive Conditions, Small Importing Country

  4. Figure 9.3 – The Effects of an Import Quota under Competitive Conditions, Large Importing Country

  5. Tariff, Domestic Monopoly

  6. Import Quota, Domestic Monopoly

  7. Figure 9.4 - Losses and Gains from U.S. Protection, Selected Products, 1990

  8. World Trade Organization (WTO) • Oversees the global rules for government policies toward international trade. More than 140 member countries. Established 1995. • Succeeds and subsumes the General Agreement on Tariffs and Trade (“interim” agreement, 1947). • Principles: • Liberalization of trade restrictions, move toward free trade • Nondiscrimination among countries, often called the most favored nation (MFN) principle • No unfair encouragement for exports

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