Ad Valorem Equivalent


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Ad Valorem Equivalent

In international commerce, a tax on an import that is expressed as a percentage of the value of the import. It is applied during a tariff adjustment. See also: Ad valorem tax.
References in periodicals archive ?
Because of declining commodity prices, however, ad valorem equivalents came down only by a quarter, namely from 5.
Market access barriers: a growing issue for developing country exporters? Contrary to conventional wisdom, market access barriers faced by developing country exporters are not decreasing for some of their most important export sectors. LDCs are especially at risk. Is market access simply 'unfinished business' or is it a deepening problem? ITC research suggests that we need to take a closer look
Some tariffs were converted to ad valorem equivalents using unit import values and other trade data, as compiled by Global Trade Information Services, Inc.
What's next for NAFTA
Known as ad valorem equivalents (AVE), they convert specific duties into ad valorem terms because members, including the EU, have a substantial number of their tariff lines expressed as specific duties.
EU/WTO: MINISTERS CLINCH FARM TARIFF DEAL
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