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Binding a Tariff
(redirected from Tariff Binding)

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Binding a Tariff
A promise by a country not to raise its tariffs for the foreseeable future. Binding a tariff is considered favorable for international trade because it gives potential exporters and importers a level of certainty they otherwise would not have. The World Trade Organization encourages tariff binding.
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This was a process which involved making tariff bindings and concessions as requested by the more developed countries.
Israel, Palestine: A History of Economic Oppression by The Palestine Chronicle (Mountlake Terrace, WA)
The market access proposals currently on the table are for tariff bindings well above these levels and allowances can, and will be made for sensitive sectors in the economy.
Lebanon's WTO accession: the facts by The Daily Star (Beirut, Lebanon)
As UNCTAD(2008) states, the agreement would capture some of the benefits of liberalization for LDCs, if the agreement lowers tariff bindings significantly below actual levels, reduces subsidies in developed countries where they matter most of developing countries, limits sensitive-product tariff lines and reflects the net-buyer status of the poor in special-product agreements.
Agricultural trade liberalization and human rights: economic analysis ... by Matsumura, Atsuko / Forum on Public Policy: A Journal of the Oxford Round Table
 
 
 
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