Tariff Barrier


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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 ?
Highlighting his point of view and keeping Pak traders interest supreme,he said that Pakistan can benefit from granting MNF status if India fully ensures a level playing field by removing non tariff barriers and reduces tariff on items of interest to Pakistan.
The problem was that as fast as they disappeared they were replaced by Non Tariff Barriers.
He informed about duty structure tariff and non tariff barriers in Russian market with special focus on Tatarstan.
In practice, we have virtually eliminated tariff barriers between us," said Malaysian Prime Minister Najib Razak, whose country is hosting the 27th ASEAN summit in Kuala Lumpur.
He also said that government should take action for title deeds based on priority and increase tariff barriers.
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.
As an efficient producer of ethanol, Brazil faces major tariff barriers in developed countries.
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.
As tariff barriers have been eroded or eliminated and the exporter has been able to consider new markets, he has hit a second hurdle - generally referred to as "technical" or "non-tariff" barriers.
Yet the tariff barriers they face when they export to the West are four times higher than those encountered by rich countries.
He said non-tariff barriers, such as customs delays when employed by a foreign country widely, can have the same effect as high tariff barriers.