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.
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References in periodicals archive ?
"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.
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.
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.
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.
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.
AFTA is aimed eliminating tariff barriers among ASEAN members and turning the region into an integrated production base and a market of 500 million people with a view to sustaining its economic competitiveness.