Economics · Foreign Trade
Which of the following describes a key Non-Tariff Barrier (NTB) that can significantly impede India's integration with the global economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An upward shift in the domestic supply curve due to a rise in local labour wages.
- 2The complete ban on all Foreign Direct Investment (FDI) in the manufacturing sector.
- 3The existence of complex, non-transparent customs valuation procedures and time-consuming sanitary and phytosanitary (SPS) inspection requirements for imports.✓
- 4The imposition of a 10 per cent tax (tariff) on all imported electronics.
Correct answer
The existence of complex, non-transparent customs valuation procedures and time-consuming sanitary and phytosanitary (SPS) inspection requirements for imports.
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