Tariff Suspension

Tariff Suspension

The European Union policy of temporarily or permanently waiving tariff duties on raw material and semi-finished products in order to encourage trade within the EU. Tariff suspension only applies to certain industries (notably pharmaceuticals and information technology) and is not granted for finished products.
References in periodicals archive ?
The tariff suspension will benefit US carmakers like Tesla and Ford which have seen China sales tumble.
President George Manneh Weah has issued Executive Order #93, extending tariff suspension on rice in a bid to keep the nation's staple affordable on the Liberian market.
Moving on to the President's lifting of a tariff suspension on steel and aluminum imports from the EU, Canada, and Mexico, Le Drian accused Trump of taking the measures to destabilize European unity, stating that "he is taking initiatives with respect to Europe, in particular in the field of trade, which are aimed at destabilization".
The tariff suspension or cap in 2015-2017 was settled in the context of the recent approval of regulatory business plans.
concurring opinion in Exxon, involving a tariff suspension order of the
The Joint Committee on Taxation estimates that the tariff suspension would cost the U.S.
focus on the relevant statutory tariff suspension provision.
US tariff suspension on China products eases trade concerns !-- -- Czeriza Valencia (The Philippine Star) - February 26, 2019 - 12:00am MANILA, Philippines The announcement over the weekend by US President Trump that his administration would delay raising tariff on Chinese imports should ease some of the uncertainties hanging over international trade, but is not expected to boost the Chinese economy anytime soon, said UK-based think tank Oxford Economics.
The tariff suspension scheme offers the possibility for such companies to import raw materials, components or intermediate products from outside the European Union free from tariff duty, if the item cannot be sourced in the EU.
With hundreds of tariff suspensions set to lapse at the end of 2012, Congress worked throughout the year and by November, over 2100 individual bills had been vetted and incorporated into an omnibus bill, including five bills providing suspensions and reductions for various categories of viscose rayon staple fibers.
The final package slashes the period of tariff suspensions to two years, with a third year only granted after an assessment of the impact on Europe's textile producers.
The European Commission has rushed through trade concessions to Islamabad worth about 1.4 billion euros (some 1.35 billion USD) in the form of quota increases and tariff suspensions, encouraging, in particular, Pakistani exports of textiles and clothing to the European Union.