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 ?
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 said that further lowering of tariff barriers could be done through negotiations of PTA/FTA concessions on items of Pakistan's export interest in particular textile,light engineering and agricultural goods can be considered.
He also said that government should take action for title deeds based on priority and increase tariff barriers.
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.
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 our trade deficit grows, and high-paying jobs depart our shores, many American employers and workers have come to believe that we must enact protective tariff barriers to block foreign imports.
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.
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.