Question

A newly formed country in the Caribbean has no high tariffs, yet other countries find it difficult to trade with the new country because of its requirements for labeling, product testing, and certifications. These restrictions can best be classified as

Answer 1

 non-tariff barriers

Non tariff barriers are a way to restrict trade using trade barriers in a form other than a tariff. Non tariff barriers include requirements for labeling, product testing, product certifications,quotas, embargoes, sanctions, levies and other restrictions that would restrict import of goods and services.