Common external tariff
Definition: The CET is the tariff that is charged at the same level by all members of the European Union customs union.This occurred in 1968 when all members of the community became a single customs union.
COMMON EXTERNAL TARIFF (CET or sometimes CXT)
A tariff rate uniformly applied by a common market or customs union, such as the European Community, to imports from countries outside the union.
Common External Tariff
A uniform tariff adopted by a customs union to be assessed on imports entering the union territory from countries outside the union; abbreviated: CET or CXT.
A common external tariff was established substituting the preceding tariffs of the different states.
A customs union is a free trade area where members agree to impose a common external tariff on trade with non-members. A Free Trade Area is a group of countries, which agrees to remove all trade barriers.
An agreement by two or more countries to erect a common external tariff and to abolish
restrictions on trade among members.
Economic assumptions
economic environment in which the firm expects to reside over the life of the
financial plan.
Common Market - A common market is a group of countries that have common external tariffs against non-member nations. It may also allow labor mobility as well as common economic policies. For example, the European Union (EU).
customs union a free trade area with a common external tariff. (18)
cyclical deficit the difference between the actual deficit and the structural deficit. (29) ...
When the UK joined the EEC, it had to implement an EEC wide common external tariff of imports from outside the EU. The effect was to make New Zealand agriculture less competitive. Therefore we switched imports from New Zealand to European countries.
Unlike the EEC, however, EFTA members did not set up a common external tariff and did not fully liberalise agricultural trade. EFTA currently has four members: Iceland, Liechtenstein, Norway and Switzerland. Other members such as the U.K.
This is accomplished by setting the vector of common external tariffs so as to leave world prices unchanged.
Kennedy Round ...
Customs union/Common market - A group of countries with free trade between them and a common external tariff.
Customs union
An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members.
A customs union is a group of countries that eliminate all tariffs on trade among themselves but maintain a common external tariff on trade with countries outside the union (thus technically violating MFN).
bloc is a group of allied countries agreeing to minimize or eliminate tariffs and other barriers against trade with each other, and possibly to impose protective tariffs on imports from outside the bloc. A customs union has a common external tariff, ...
Customized benchmarks A benchmark that is designed to meet a client's requirements and long-term objectives. Customs union An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among ...
 See also: Tariff, Customs union, Tariffs, Banks, Free trade
  
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