Tariffs
Tariffs are a tax placed by the government on imports.
They could be a specific amount £1 per unit.
Elimination of tariffs is a good way to support free trade.
Definitions and Glossary of Economic and Financial Terms
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Tariffs
Definition: Taxes generally on goods imported into a country.
Related glossary term: ...
GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT) - The GATT pact was ratified by Congress in 1994 to foste...
GENERAL AND ADMINISTRATIVE EXPENSES (G&A) - the expenses of operating a business that are not directly ...
Tariffs
An import or export tariff is a charge for the movement of goods through a political border. Tariffs discourage trade, and they may be used by governments to protect domestic industries.
Tariffs Taxes on imported goods.
Tax bracket A specified interval of income to which a specific and unique marginal tax is applied.
Tax incidence The distribution of tax burdens among various groups in society.
Tariffs - Taxes on imported goods and services, levied by governments to raise revenues and create barriers to trade.
Tax Arbitrage - Attempting to profit by exploiting the differences in tax rates or tax systems.
Tariffs
Main article: Tariff
An import or export tariff (also called customs duty or impost) is a charge for the movement of goods through a political border.
[edit] Tariffs
When setting a tariff it is desirable to set it such that the revenues would recover all costs plus profit; however, current market forces may not permit such tariffs.
Import tariffs. Taxes imposed on certain imported goods or services. May be levied as a percentage of the value of imports or as a fixed amount per unit. Used to increase government revenue and protect domestic industries from foreign competition.
Tariffs have been used by governments since ancient times, although they were originally sources of revenue rather than instruments of state economic policy.
TARIFFS: Taxes that are usually on imports, but occasionally (very rarely) on exports. This is one form of trade barrier that's intended to restrict imports into a country.
Tariffs reduced to 11% across the board.p
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A reserve requirement of 20% was imposed on all new foreign borrowings, except for credits that are provided directly to Chilean exporters by foreign importers.a3 ...
on Tariffs and Trade (GATT) a treaty
among many nations setting standards for tariffs and trade
for signees
limited liability partnership ...
Low tariffs and free trade are beneficial to the gray market, but manufacturers and big business lobby constantly to enact laws to make it difficult for gray marketeers to do business.
Ad valorem tariffs - Tariff levied as a percentage of the price of the import.
Ad valorem tax - A tax on a good or service whose amount depends on the value of the good or service.
1953. 'Optimum Tariffs and Retaliation.' Review of Economic Studies 21, no. 2: 142-153.
1959. 'British Monetary Statistics.' Economica 26 (February): 1-17.
1961. 'The 'General Theory' After Twenty-five Years.' American Economic Review 51 (May): 1-17.
A situation where tariffs on manufactured goods are relatively high, tariffs on semi-processed goods are moderate and tariffs on raw materials are low or non-existent.
Français: Tarif par paliers croissants
Español: Progresión arancelaria ...
[ITDS] The process by which a country becomes a member of an international agreement, such as the General Agreement on Tariffs and Trade (GATT).
Secondary tariffs
Any charges imposed on imports in addition to the statutory tariff, such as an import surcharge.
Section 201
The escape clause of the U.S. Trade Act of 1974.
Section 301
The provision of U.S.
General Agreement on Tariffs and Trade (GATT) A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries. General cash offer A public offering made to investors at large.
GATT Acronym for General Agreement on Tariffs and Trade, which refers to the treaty... GBP The ISO currency code for the British Pound. GDP Gross Domestic Product - GDP Measures the value of goods and services produced...
Protectionism Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
EFTA nations will continue to set their own tariffs for third countries subject to GATT and OECD agreements.
GATT (General Agreement on Tariffs and Trade), now the WTO (World Trade Organisation), began the process of world trade liberalisation in 1948. Agriculture was brought into the process in 1994 under the Uruguay Round Agreement.
General Agreement on Tariffs and Trade
General Agreement on Tariffs and Trade - GATT
General and administrative overhead
General cash offer
General Collateral Financing Trades - GCF
General Depreciation System
General ledger
General lien ...
General Agreement On Tariffs And Trade (GATT)
A multilateral trade agreement among autonomous economic entities (not necessarily countries) aimed at expanding international trade as a means of raising world welfare.
A WTO agreement to eliminate tariffs on a wide range of information technology products. The Information Technology Agreement was concluded at the first ministerial conference of the World Trade Organization at Singapore in December 1996.
tax, poll tax, business or professional license fees) or as some form of compulsory surcharge on one or more types of private trade or other voluntary transactions ("indirect taxes" like general sales taxes, specialized excise taxes, import tariffs, ...
He criticized monopolies, tariffs, duties, and other state enforced restrictions of his time and believed that the market is the most fair and efficient arbitrator of resources.
General Agreement on Tariffs and Trade (GATT)
The agreement was designed to provide an international forum that encouraged free trade between member states by regulating and reducing tariffs on traded goods and by providing a common mechanism ...
The WTO was formed in 1995 to enforce the regulations established by the General Agreement on Tariffs and Trade (GATT) and several other international trade agreements.
goods shipped to Mexico and a gradual phase-out of other tariffs over a period of about 14 years. The debate on NAFTA was vigorous. Large corporations tended to support NAFTA, while U.S.
But domestic exporters also may suffer, because foreign countries tend to retaliate against protectionism with tariffs and barriers of their own.
International trade that is unhampered by restrictive measures such as tariffs or non-tariff barriers.
between two nations by means of discriminatory tariffs, exchange, or other controls. The initiative is usually taken by the country having an 'unfavorable' balance of trade.
What could give a real boost to the FTA in the Asia-Pacific region if India lowers or removes some tariff on component businesses from Japan, the same Indonesia did remove tariffs on auto-components from Japan, ...
General Agreement on Tariffs and Trade (GATT)
A General Agreement on Tariffs and Trade was signed in 1947 to provide an international forum to encourage free trade, reduce tariffs, and provide a mechanism for resolving trade disputes.
Tariffs raise the prices of imported goods, thus making them less competitive within the market of the importing country.
General Agreements on Tariffs and Trade (GATT)
Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA)
Small Business Job Protection Act of 1996 (SBJPA 96)
Taxpayer Relief Act of 1997 (TRA 97).
This requires in-depth research into laws about tariffs, taxes, and shipping. In addition, global enterprises may transfer inventory and services between affiliated units in alternative countries.
General Agreement on Tariffs and Trade (GATT)
Struck in 1947 to reduce international trade barriers and establish fair trading standards, GATT has evolved into a quasi international trade organisation, ...
The General Agreement on Tariffs and Trade was the predecessor of the World Trade Organisation (WTO) and was absorbed into it in 1995. GATT was founded in 1947 with the aim of reducing barriers to international trade.
The eighth round of multilateral trade negotiations under the General Agreement on Tariffs and Trade (GATT).
(Customs) When one nation increases the tariffs on goods imported from, or exported to another country, and that country then follows by raising tariffs itself in a retaliatory manner.
Tax Haven ...
Trade Restrictions - Are taxes, tariffs, capital constraints, multiple currency rates dependent on type of transaction, quotas, and other impediments or requirements to execute an exchange of goods, services or financial transactions.
See GENERAL AGREEMENT ON TARIFFS AND TRADE.
COSIGN
To sign (a promissory note) in addition to the maker, thus becoming fully responsible for the obligation if the maker should default; to sign jointly.
GATT/GENERAL AGREEMENT ON TARIFFS AND TRADE
A multilateral treaty intended to help reduce trade barriers between the signatory countries and to promote trade through tariff concessions.
GENERAL EXPORT LICENSE ...
General Agreement on Tariffs and Trade (GATT) an international treaty and organization designed to promote mutual reductions in tariffs and other trade barriers among countries. (18) ...
Panama maintains an essentially liberal trade (as well as investment) regime, characterized by relatively low tariffs and few non-tariff barriers.
Protectionism
Protecting domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
Call protection
A feature of some callable bonds that establishes an initial period when the bonds may not be called.
When one country's actions to boost its economy, for instance by raising tariffs on imports or devaluing its currency, have a negative impact on other trading countries.
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DIRECT TAX - A tax that you pay directly, as opposed to indirect taxes, such as tariffs and business ta...
DIRECT TERMS - The price of a unit of foreign currency in domestic currency terms, such as $.9850/Euro ...
See PIGGYBACK. Shipments moving TOFC receive special rates from tariffs provided for that class of traffic.
TRAMP
Vessel that does not operate along definite route on fixed schedule, but calls at any port where cargo is available.
The auction barn must publish tariffs or charges. Id. §§ 206, 207. Free trucking, price guarantees, or discounted commissions cannot be offered as an incentive for a rancher to send his or her livestock to one auction as opposed to another.
Governed by Regulation T of the FED. General Agreement on Tariffs and Trade (GATT)
A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries.
General cash offer ...
Substantial reductions in import tariffs and excise duties in a phased manner.
Non-tariff Barrier: Trade-restrictive practices other than custom tariffs (e.g., import quotas).
North American Free Trade Agreement (NAFTA): A treaty allowing for free trade and investment between Canada, U.S., and Mexico.
The term dates at least as far back as 1886 Britain, where tariffs were recommended by one point of view expressed in a Royal Commission report "not to countervail any natural and legitimate advantage which foreign manufacturers may possess, ...
Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
Protective covenant ...
 See also: Tariff, Barriers, Expense, Free trade, Banks
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