Word: nontariff
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America, the protectionists argue, is living in a free-trade fool's paradise; other nations casually resort to a variety of ruses to keep out unwanted goods. No fewer than 850 nontariff barriers have been uncovered that do not necessarily break the letter of the law of free trade but certainly tax its spirit. Foreign governments may subsidize export industries by waiving taxes or granting easy bank loans. They may impose cumbersome safety standards, customs procedures and packing and labeling regulations. Japan, for example, insists on its own chemical analysis of imported perfumes and cosmetics; the delays in completing...
...importing. Many European imports are considered luxurious indulgences, and are priced accordingly. A fifth of Johnny Walker Black can cost $25.50 (v. $11.90 in Manhattan); imported Italian shoes for men easily run to $110. Common Market members also charge that their efforts to sell to Japan are hamstrung by nontariff barriers to trade. For example, European auto manufacturers (who export a mere 26,000 cars to Japan, v. the 400,000 the Japanese ship to the Nine) complain about a cumbersome maze of customs procedures, pollution and safey requirements, and baffling testing regulations...
Tackling Barriers. At the same time, delegates must tackle an even tougher issue: nontariff barriers (NTBs), which have taken on increased importance as countries cut duties. NTBs include export subsidies, safety standards, customs procedures, packing and labeling regulations, import quotas and other means by which governments can bar imports. GATT experts have drawn up a list of 850 NTBS to be discussed, but no one expects that the negotiators will be able to eliminate more than...
...Eliminate remaining barriers to imports of the less developed countries' goods. This means not only granting preferential tariffs, as the U.S. has just done on 2,724 products, but also revising the complex regulations that in effect act as nontariff barriers to imports...
...steadfastly opposed to the reimposition of economic controls and thinks that Government trustbusters and regulatory agencies should go easier on big business. He "would feel happier with virtually no tariffs" on goods imported into the U.S., provided that America's major trading partners are willing to tear down nontariff barriers to the free exchange of goods...