Ad Valorem Equivalent


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Ad Valorem Equivalent

In international commerce, a tax on an import that is expressed as a percentage of the value of the import. It is applied during a tariff adjustment. See also: Ad valorem tax.
References in periodicals archive ?
Some tariffs were converted to ad valorem equivalents using unit import values and other trade data, as compiled by Global Trade Information Services, Inc.
Data sources, a glossary and methodology outlining the calculation of ad valorem equivalents and to different aggregation methods for tariff averages round out the publication.