All posts tagged: European Union

Truck and Trailer Approaching a City 1973 Jeffery Smart

Protectionism in the Global Drinks Trade: The Role of Tariffs and Non-Tariff Trade Barriers

Here is the recent essay I wrote for the WSET Diploma Unit 1 assignment – Protectionism in the Global Drinks Trade – a topic that is becoming more relevant and critical as we approach the Brexit deadline in March 2019. This is written as an academic essay outlining the tools of protectionism, such as tariffs and non-tariff trade barriers, and how they are used in international wine and drinks trade. It’s not my usual post, but now more than ever in the UK, it is important to look at both sides of the trade argument, and I have attempted to do this without emotion or politics.  __________________________________________________________________ Protectionism in the Global Drinks Trade 1. Introduction and the tools of protectionism Significant progress had been made since the Second World War in lowering international trade barriers, particularly those associated with tariffs. However, while there has been a decrease in tariff barriers, there has been an increase in non-tariff barriers to international trade, particularly those related to technical standards. In 1994, a multilateral trade agreement was concluded …