Tariffs

Tokyo Round
Overview of the Tokyo Round of international trade talks held under GATT between 1973 and 1979.
Strategic Trade Retaliation
Retaliation measures in international trade to deter further restrictions by foreign entities.
Optimum Tariff
Understanding the concept of an optimum tariff and its implications in international trade economics.
Peril Point
A point below which any further reduction in a tariff would cause serious damage to a domestic industry.
Generalized System of Preferences (GSP)
A comprehensive overview of the Generalized System of Preferences (GSP) in economics, its historical context, definitions, major frameworks, comparative analysis and further studies.
Anti-Dumping Duty
An economically protective tariff levied to shield domestic producers from the adverse effects of dumping.
Certificate of Origin
A document certifying that a good was produced in a given country, often required in free-trade areas to regulate duty-free entry.
Commercial Policy
The government policies affecting foreign trade, including tariffs, trade subsidies, quotas, and other regulations.
Common External Tariff
The tariff charged on trade with non-members by all countries in a customs union or common market, often referring to the external tariff of the European Union.
Effective Protection
A detailed examination of the concept of effective protection in economics, its definition, historical context, and analytical frameworks.
Free Port
A seaport or airport where national tariffs are not levied to encourage entrepôt trade.
Free-Trade Zone
An area in a country where national tariffs are exempted to encourage export-oriented industries.
Import Duties Act
The UK Act of Parliament passed in 1932, which imposed a 10 per cent tariff on most items from non-Commonwealth countries, marking the end of the free trade era.
Import Duty
Detailed explanation of Import Duty and its implications in economics
Import Surcharge
A temporary additional tax on imports imposed to address balance-of-payments problems.
Kennedy Round
A round of international trade talks held under the General Agreement on Tariffs and Trade (GATT) in 1964-1967.
Local Content - Definition and Meaning
A comprehensive look at the concept of local content in economics, its implications, and applications in trade and investment policies.
Nominal Protection
The proportional price increase in imported goods caused by a tariff rate.
Prohibitive Tariff
A tariff set at a rate so high that no trade in the good concerned can take place.
Protection
An overview of the concept of protection in economics, focusing on trade policies and their impact.
Smoot–Hawley Tariff Act
An act of 1930 that established a protectionist tariff regime in the United States.
Trade War
The definition and meaning of a trade war, an economic conflict wherein countries attempt to harm each other’s trade using tariffs, quotas, and other restrictive tools.