Tariff Barrier


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Tariff Barrier

A tariff designed to make imports more expensive than domestically produced products. That is, a tariff barrier is a tax imposed upon imports to protect local industries and companies. Critics, notably the WTO, have criticized tariff barriers because they believe they discourage international trade and because they may have net negative effects on the economy in the long run. However, proponents of tariff barriers argue that they can force countries to develop their own domestic industries. See also: Import substitution industrialization, Free trade.
References in periodicals archive ?
Highlighting his point of view and keeping Pak traders interest supreme,he said that Pakistan can benefit from granting MNF status if India fully ensures a level playing field by removing non tariff barriers and reduces tariff on items of interest to Pakistan.
In practice, we have virtually eliminated tariff barriers between us," said Malaysian Prime Minister Najib Razak, whose country is hosting the 27th ASEAN summit in Kuala Lumpur.
The 4GL program launches consultation to select a group of consultants, a research department or a research institution for "Identify and tariff barriers non-tariff export cattle "
He also said that government should take action for title deeds based on priority and increase tariff barriers.
A new free trade agreement signed Friday between Australia, New Zealand and the 10-member Association of Southeast Asian Nations will completely eliminate all import tariff barriers in the area by 2020.
The US Trade representative Susan Schwab (pictured) has said a free trade agreement with Oman will enter into force tomorrow, lifting all tariff barriers to consumer and industrial products.
The UAE has minimal tariff barriers, no quota restrictions, a growing population and a rapidly expanding tourist sector, where lamb is the traditional meat of preference.
Sangeeta Khorana, of the School of Management and Business, has been commissioned by the British High Commission India to identify existing Non Tariff Barriers (NTBs) to trade in the UK and evaluate the effects of the proposed EU-India Free Trade Agreement (FTA) on bilateral trade.
As tariff barriers have been eroded or eliminated and the exporter has been able to consider new markets, he has hit a second hurdle - generally referred to as "technical" or "non-tariff" barriers.
Yet the tariff barriers they face when they export to the West are four times higher than those encountered by rich countries.
The Cuban action, ironically, comes at a time when the US itself has imposed country of origin labeling requirements that am aimed at, among other things, discouraging beef imports from Canada--despite removal of tariff barriers several years ago under the North American Free Trade Agreement (NAFTA).
He said non-tariff barriers, such as customs delays when employed by a foreign country widely, can have the same effect as high tariff barriers.