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  Importance of Tariff and Non tariff barriers in Trade
• What factors are important while formulating the Tariffs and Non tariff policy?

Learning outcome: 

By completing this activity, the students will be able to:

• Identify the difference between Tariff and Non tariff barriers
• Understand the Pakistan's Tariff & Nontariff Policy for EFTA
• Understand the role of Tariff policies for promoting the Trade

 

In pursuance of Government of Pakistan's policy to seek better market access for Pakistani products through tariff preferences and reduction of non tariff barriers in International markets a meeting was convened between the trades officials of Pakistan and European Free Trade Association (EFTA) member states in Geneva on April 18, 2012. The EFTA comprises four non-EU member states namely Switzerland, Norway, Iceland and Liechtenstein. The Pakistan side was headed by Zafar Mahmood, Secretary Commerce while EFTA side was headed by Luzius Wasescha, Permanent Representative of Switzerland to the WTO and EFTA in Geneva. The delegation exchanged information on the economic situation in their countries. Both sides discussed the trade and investment flows between EFTA and Pakistan and their respective approaches to their preferential trade relations with third counties. Both sides have agreed that a recommendation to conclude a Joint Declaration on Cooperation between EFTA states and Pakistan will be submitted to EFTA Ministers at their next meeting on 28th June 2012, in view of a possible signing of such declaration at the following EFTA Ministerial meeting on November 26, 2012 in Geneva. (Courtesy: Ministry of commerce)

 

 

Discussion Question:

 

Keeping in view the above scenario; discuss the important factors that should be incorporated by the Government of Pakistan while formulating the Tariff and Nontariff policies with European Free Trade Association (EFTA).

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