Tariff Suspension

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Tariff Suspension

The European Union policy of temporarily or permanently waiving tariff duties on raw material and semi-finished products in order to encourage trade within the EU. Tariff suspension only applies to certain industries (notably pharmaceuticals and information technology) and is not granted for finished products.
References in periodicals archive ?
With hundreds of tariff suspensions set to lapse at the end of 2012, Congress worked throughout the year and by November, over 2100 individual bills had been vetted and incorporated into an omnibus bill, including five bills providing suspensions and reductions for various categories of viscose rayon staple fibers.
Moreover, given the high bar against tariff suspensions erected by
The final package slashes the period of tariff suspensions to two years, with a third year only granted after an assessment of the impact on Europe's textile producers.
Since the beginning of the EU membership in the European Commission's communication on the autonomous tariff suspensions and quotas, Lithuania has had the possibility to apply to the European Commission for suspension of customs duties and granted quotas.
35 billion USD) in the form of quota increases and tariff suspensions, encouraging, in particular, Pakistani exports of textiles and clothing to the European Union.
The remaining differences concerned various technical elements: the levels of tariff suspensions and autonomous quotas, and the levels of aid.
Charging that the current process presents too much opportunity for corruption and violates the Republican moratorium on earmarks, the two senators unveiled legislation on June 12 that would have the ITC choose which tariff suspensions to submit to Congress for approval.
The final package slashes the period of tariff suspensions to two years with a third year only granted after an assessment of the impact on Europe's textile producers.
The remaining differences concern various technical elements: the levels of tariff suspensions and autonomous quotas, and the levels of aid.
The Minister, the first from the new Scottish Executive to attend an EU Council meeting, said unlike other areas where tariff suspensions are proposed, there is already a community production surplus in herring, he said.
The draft - which comes at the request various northern EU Member States - arrives earlier than the EU's usual package of autonomous tariff suspensions, which are agreed in October and November.
focus on the relevant statutory tariff suspension provision.