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 5.1% in 1996 to 3.9 % in 2001.
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
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
* Data sources, a glossary and methodology outlining the calculation of ad valorem equivalents and to different aggregation methods for tariff averages round out the publication.
World Tariff Profiles 2006: a joint publication of WTO, UNCTAD and ITC
Members of the World Trade Organisation have agreed to settle a formula for calculating how to turn import tariffs which have a specific value into a percentage value of the overall value of the product, known as ad valorem equivalents.
EU-CHINA: ITALY ASKS FOR TRADE DEFENCE ON TEXTILE IMPORTS
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