Home > Industry/Domain > Economy
Economy
Pertaining to the system or range of economic activity in a country, region, or community.
6Categories 106534Terms
Add a new termContributors in Economy
Economy > International trade 
tariff binding
Economy; International trade
Commitment not to increase a rate of duty beyond an agreed level. Once a rate of duty is bound, it may not be raised without compensating the affected parties.
tariff escalation
Economy; International trade
Higher import duties on semi-processed products than on raw materials, and higher still on finished products. This practice protects domestic processing industries and discourages ...
tariff peaks
Economy; International trade
Relatively high tariffs, usually on sensitive products, amidst generally low tariff levels. For industrialized countries, tariffs of 15% and above are generally recognized as ...
tariff quota
Economy; International trade
When quantities inside a quota are charged lower import duty rates, than those outside (which can be high).
tariffication
Economy; International trade
Procedures relating to the agricultural market-access provision in which all non-tariff measures are converted into tariffs.
tariffs
Economy; International trade
Customs duties on merchandise imports. Levied either on an ad valorem basis (percentage of value) or on a specific basis (e.g. $7 per 100 kgs.). Tariffs give price advantage to ...
technical barriers to trade (TBT)
Economy; International trade
Regulations, standards, testing and certification procedures, which could obstruct trade. The WTO's TBT Agreement aims to ensure that these do not create unnecessary obstacles.
Sub-categories
- Ecommerce (149)
- Economic standardization (81)
- Economics (60867)
- Forex (918)
- International economics (35907)
- International trade (7996)