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tariff |
Also found in: Legal, Financial, Encyclopedia, Wikipedia | 0.68 sec. |
tariffTax or duty placed on goods when they are imported into a country or trading bloc (such as the European Union) from outside. The aim of tariffs is to reduce imports by making them more expensive. Organizations such as the EU, the European Free Trade Association (EFTA), and the World Trade Organization (WTO) have worked towards mutual lowering of tariffs among countries. Tariffs have generally been used by governments to protect home industries from lower-priced foreign goods, and have been opposed by supporters of free trade. For a tariff to be successful, it must not provoke retaliatory tariffs from other countries. |
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| But if Israel lost its status as a preferred trading partner it would be subject to an average common customs tariff of 3. Accounting for the largest expansion since EU's inception, NextLinx seamlessly built-in the various changes to Customs tariff rates, duties, licensing, anti-dumping, countervailing, Value-Added Tax (VAT), Excise and quotas that became effective May 1st into customers' legacy or ERP systems in real-time to perform product classification and document determination on all cross-border shipments. Tarinfo will initially offer the quantification of the EU's common customs tariffs via the Internet. |
Customs tariff
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