| International Trade and Tariffs: It’s Business! Malcolm Mcneil1; 1ARENT FOX, Los Angeles, United States; PAPER: 443/Laws/Regular (Oral) SCHEDULED: 11:20/Thu. 24 Oct. 2019/Hermes (64/Mezz. F) ABSTRACT: International trade tariffs (read taxes) are in the news globally and are by their nature politically charged. Consequently, a full understanding is necessary, of both pluses and minuses, to critically evaluate their efficacy . Non tariff barriers to trade (NTBs) will also be examined to see how they are used to manipulate the trade channels. NTB’s, sometimes called "Non-Tariff Measures (NTMs)" are any trade barrier that restricts imports or exports of goods or services through mechanisms other than the simple imposition of tariffs. These include import licensing, rules for valuation of goods at customs, pre-shipment inspections, rules of origin ('made in'), and trade prepared investment measures.[2] This segment will focus on the key drivers, politically, economically and socially, to create a framework for analysis that is free of bias or local “fake news” spin. The goal will be to communicate indicators that effectively guide the participants to a reasoned understanding and appropriate analysis of policy choices, and their impact on cross-border transactions. |
