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What is Understanding Tariff Barriers and Duties about?
Tariff barriers and non-tariff barriers imposed by importing countries can make export products less competitive. High customs duties have been reduced by agreements like GATT and WTO to promote trade. Countervailing duties offset subsidies foreign exporters receive, while anti-dumping duties offset the advantage of selling abroad below cost or domestic prices. Customs duties are assessed as ad valorem (percentage of value), specific (per unit or weight), or compound (combination of specific and ad valorem)
- Author
- bhartipunnu
- Language
- EN