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Tariff
(redirected from Tariff protection)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Tariff
A tax on imports or exports.
Duty
A tax that a country imposes on its imports and, occasionally, exports. A duty exists to make an import more expensive and to thereby encourage people to buy goods produced in their own country. Proponents of their use argue that duties discourage outsourcing of jobs to other countries and make the country more self-sufficient, but most economists agree that they are economically inefficient and some contend that they may ultimately harm the people they are intended to help. A duty is also called a tariff. See also: WTO, International trade, Globalization.
tariff
A tax levied on a good imported into a country. In most instances, tariffs are intended to make imported goods more expensive and thus less competitive with domestic products. Also called duty. See also General Agreement on Tariffs and Trade, trigger price.
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The positive examples, as cited by Mike Pullen, are also often misrepresented as success stories of trade liberalization, whereas they actually represent the proof of strong government involvement, a wide range of targeted policies, subsidies, tariff protection and non-compliance with intellectual property rules, to ensure competitiveness before trade liberalization is embarked upon.
Trade liberalization u time to move past the rhetoric by The Daily Star (Beirut, Lebanon)
Taipei, July 30, 2009 (CENS)--The government should keep certain tariff protection in place for a number of items vulnerable to the trade liberalization associated with the Economic Cooperation Framework Agreement (ECFA), suggested the Chinese National Federation of Industries (CNFI).
ECFA will impact 37 industrial items: survey by The Taiwan Economic News
The document highlighted the kingdom's efforts to liberalise its economic sectors, noting that it has reduced the level of its average tariff protection, and been able to turn the public deficit into a surplus, reduce foreign debt and curb inflation.
WTO: Morocco's reforms yield positive results by UMCI News (Potomac Falls, VA)
 
 
 
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