Tariff Barrier


Also found in: Dictionary.

Tariff Barrier

A tariff designed to make imports more expensive than domestically produced products. That is, a tariff barrier is a tax imposed upon imports to protect local industries and companies. Critics, notably the WTO, have criticized tariff barriers because they believe they discourage international trade and because they may have net negative effects on the economy in the long run. However, proponents of tariff barriers argue that they can force countries to develop their own domestic industries. See also: Import substitution industrialization, Free trade.
References in periodicals archive ?
He said that further lowering of tariff barriers could be done through negotiations of PTA/FTA concessions on items of Pakistan's export interest in particular textile,light engineering and agricultural goods can be considered.
"We strive to reduce tariff barriers, non-tariff barriers and subsidies," the post-summit statement by the G7 leaders, which was released about an hour before Trump's fresh rant, read.
The problem was that as fast as they disappeared they were replaced by Non Tariff Barriers. States did this of course in an attempt to protect their domestic industries.
Hasnain Raza, President Golden Ring Economic Forum said on the occasion that there is a need to remove tariff and non tariff barriers with these countries.
The CE, TDAP in his address highlighted the problems being faced by Pakistani business community including non tariff barriers. He informed that delegation is visiting this region on special instructions of Prime Minister of Pakistan and offered cooperation in developing a strategy for enhancing trade relations.
The agreements will remove tariff barriers and visa restrictions.
A lot of tariff barriers could also be set up, he said, but refused to specify what they are.
Mr Atkinson of course chooses not to address the central point that the Japanese Ambassador would have on his mind, as have many people in this country, and that is simply this: by being a member of the EU, the Japanese car exporters can sell cars to Europe with no tariff barriers.
They emphasise that, although over the years tariff barriers have been reduced considerably, non-tariff barriers still exist and they hinder the free flow of goods and services.
In research published in the Proceedings of the National Academy of Sciences, a team of US scientists used household and market surveys and national production data to determine the effect of market reforms, such as the removal of tariff barriers, that were initiated during the mid-1980s in Gambia, Ivory Coast and Mall.
A new free trade agreement signed Friday between Australia, New Zealand and the 10-member Association of Southeast Asian Nations will completely eliminate all import tariff barriers in the area by 2020.
Sangeeta Khorana, of the School of Management and Business, has been commissioned by the British High Commission India to identify existing Non Tariff Barriers (NTBs) to trade in the UK and evaluate the effects of the proposed EU-India Free Trade Agreement (FTA) on bilateral trade.