The growing complexity and duplicative nature of non-tariff measures often creates hidden obstacles to trade. From pharmaceutical certifications to conformity checks for engineering goods, Indian exporters have long struggled with costly, time-consuming compliance requirements, write Arjun Goswami and Aditya Rathore of Cyril Amarchand Mangaldas.
4 Min Read
Tariffs directly affect trade imports through financial charges like duties and taxes and, thus, often get highlighted in newspaper headlines. However, it is necessary to look beyond tariff reduction and focus on non-tariff barriers as critical obstacles to trade. Non-tariff barriers create restrictions on trade through measures other than financial charges, such as law and regulations, quotas, procedures, and standards and certifications.
Continue Reading with
Continue Reading with
CNBC-TV18 Access Membership
Priority Access and Networking: CNBC-TV18’s flagship events
Interaction with CNBC-TV18’s journalists
Webinars & LIVE Q&As with India Inc. Leaders
Exclusive CNBC-TV18 studio & newsroom tours
Premium business insights, expert opinions & analysis
Curated lifestyle privileges & offers
