What are the major non tariff restrictions affecting international business?

Major non-tariff restrictions affecting international business include quotas, which limit the quantity of goods that can be imported or exported; import licensing requirements, which mandate that businesses obtain permission before bringing products into a country; and technical barriers to trade, such as standards and regulations that products must meet to be sold in a market. Additionally, subsidies to domestic industries can distort competition by making local products cheaper than imported ones. These measures can create significant challenges for businesses seeking to operate across borders.