Tariff Equivalent

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Tariff Equivalent

A non-tariff barrier that has the same effect as a tariff. That is, a tariff equivalent discourages imports and promotes domestic industries and companies. Examples of tariff equivalents include import quotas or licensing restrictions. The GATT and the WTO have both tried to reduce tariff equivalents to promote more international trade.
References in periodicals archive ?
With oil at $70-80 per barrel, the tariff-equivalent rate is 6%.
The rate at which the "melting" is diminished is set according to the tariff-equivalent estimates of Francois (1999a) as discussed above.
2) It is difficult to incorporate NTBs in these models, so researchers use so-called tariff-equivalent measures of NTBs in their quantitative analysis (that is, the level of tariff protection that yields the same levels of output and trade as the NTB).
I take the standard approach of imposing tariff-equivalent NTBs.
Second, NTBs are incorporated into the numerical analysis by way of tariff-equivalent NTBs.
Where an MFA quota is the binding restraint, the tariff-equivalent of the quota obviously will exceed the ordinary tariff, often by a sizeable amount.