Distinguish between the following
(i) Strategic and Minority sale
(ii) Bilateral and Multi-lateral trade
(iii) Tariff and Non-tariff barriers.
(i) |
Strategic Sale |
Minority Sale |
a) |
Strategic Sale refers to the sale of 51% or more stake of a PSU to the private sector who bids the highest. |
Minority Sale refers to the sale of less than 49% stake of a PSU to the private sector. |
b) |
The ownership of PSU is handed over to the private sector. |
The ownership of PSU still remains with the government as it holds 51% of stakes. |
(ii) |
Bilateral Trade |
Multilateral Trade |
a) |
It is a trade agreement between two countries |
It is a trade agreement among more than two countries. |
b) |
This is an agreement that provides equal opportunities to both the countries. |
This is an agreement that provides equal opportunities to all the member countries in the international market |
(iii) |
Tariff Barriers |
Non-tariff Barriers |
a) |
It refers to the tax imposed on the imports by the country to protect its domestic industries. |
It refers to the restrictions other than taxes, imposed on imports by the country. |
b) |
It includes custom duties, export-import duties |
It includes quotes and licenses. |
c) |
It is imposed on the physical units (like per tonne) or on value of the goods imported. |
It is imposed on the quantity and quality of the goods imported. |