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CLO:Explain nontariff trade barriers (NTBs) and how they influencerestrictions on international trade. Evaluate what Domestic Contentrequirements has on the domestic economy. distinct heading titled "Personalized CLO Applied Learning Assignment. Under this heading, you will provide a minimum of two (2) paragraphs that should contain the following information and/or details: Clearly state what the article is about and its purpose How the article and/or author(s) support your argument(s) Most important aspects of the article as it directly related to your CLO Any findings and conclusions *do not exceed 350 words.
Answer
Business and ManagementNontariff trade barriersAs has been explicated by Egger et al. (2015), non-tariff trade barriers are basically approaches employed in the utilization of trade barriers that are not tariffs. Examples of these trade barriers include sanctions, levies, embargos, and quotas. In regard to international trade, it can be established that non-tariff trade barriers have a considerable influence. Developed economies typically employ them as economic and political strategies aimed at controlling the rate of trade conducted between countries. Ideally, these barriers are based on the availability of services and commodities as well as serving the interests of political alliances. In regard to the domestic content requirements that are associated with the domestic economy, it can...
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