As a means to protect domestic industries, which of the following requirements is an example of a non-trade barrier?
A) Requesting a mandatory consular invoice
B) Utilizing Convention on International Sale of Goods (CISG)
C) Mandating compliance with triple bottom line (TBL)
D) Demanding process efficiency

Question

Quizplus · Accepted Answer

Mandating compliance with triple bottom line (TBL) is an example of a non-trade barrier as it requires companies to meet certain social and environmental standards. This can increase the cost of production for foreign companies, giving an advantage to domestic businesses. Requesting a mandatory consular invoice and demanding process efficiency are examples of administrative trade barriers, while utilizing Convention on International Sale of Goods (CISG) is a trade agreement that facilitates international trade.

As a Means to Protect Domestic Industries, Which of the Following