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 ?
The problem was that as fast as they disappeared they were replaced by Non Tariff Barriers.
He informed about duty structure tariff and non tariff barriers in Russian market with special focus on Tatarstan.
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.
He also said that government should take action for title deeds based on priority and increase tariff barriers.
With tariff barriers removed, less expensive imported food flooded into countries; said one of the study's authors, Laurence Becker of Oregon State University/Many people quit farming and abandoned systems that had worked in their cultures for centuries.
Under the FTA, which is set to enter into force July 1, Australia and New Zealand will remove all tariff barriers on all commodities from ASEAN countries by 2020 while Brunei, Indonesia, Malaysia, the Philippines and Thailand will slash tariffs on most commodities from Australia and New Zealand by 2020.
She said: "The major stumbling blocks for a successful outcome to all trade negotiations are not the removal of tariffs (import taxes) per se but identifying and quantifying the effect of so-called non tariff barriers.
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.
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.
AFTA is aimed eliminating tariff barriers among ASEAN members and turning the region into an integrated production base and a market of 500 million people with a view to sustaining its economic competitiveness.
But economic integration has sped up rapidly in the past two decades as a result of the confluence of two reinforcing developments: the reduction in the cost of transport and communications and the lowering of tariff barriers around the world.