Logo
Pattern

Discover published sets by community

Explore tens of thousands of sets crafted by our community.

Trade Barriers and Tariffs

20

Flashcards

0/20

Still learning
StarStarStarStar

Tariff

StarStarStarStar

A tax imposed on imported goods and services, designed to raise the cost of imported products to protect domestic producers.

StarStarStarStar

Ad Valorem Tariff

StarStarStarStar

A tariff based on a percentage of the value of the imported goods.

StarStarStarStar

Specific Tariff

StarStarStarStar

A fixed fee charged per unit of imported goods.

StarStarStarStar

Compound Tariff

StarStarStarStar

A combination of an ad valorem tariff and a specific tariff, charged on the same imported goods.

StarStarStarStar

Non-Tariff Barrier (NTB)

StarStarStarStar

Measures other than tariffs that restrict imports, such as quotas, embargoes, and standards.

StarStarStarStar

Import Quota

StarStarStarStar

A restriction on the quantity or value of certain goods that can be imported into a country.

StarStarStarStar

Voluntary Export Restraint (VER)

StarStarStarStar

A self-imposed limitation by an exporting country on the volume of their exports to another country.

StarStarStarStar

Subsidy

StarStarStarStar

A government payment to a domestic producer to lower their costs and make them more competitive against foreign imports.

StarStarStarStar

Embargo

StarStarStarStar

A ban on trade with a particular country for political or economic reasons.

StarStarStarStar

Standards

StarStarStarStar

Regulations that goods must meet to be admitted into a country, often concerning health, safety, or environmental protection.

StarStarStarStar

Anti-dumping Duty

StarStarStarStar

Tariffs imposed by a country on foreign imports that it believes are priced below fair market value.

StarStarStarStar

Countervailing Duties

StarStarStarStar

Tariffs imposed to counter the negative effects of subsidies given by foreign governments to their exporters.

StarStarStarStar

Sanctions

StarStarStarStar

Restrictions or penalties applied by one country onto another to achieve foreign policy or economic objectives.

StarStarStarStar

Local Content Requirement

StarStarStarStar

A policy requiring that a certain percentage of a product must be made from domestically sourced components.

StarStarStarStar

Currency Manipulation

StarStarStarStar

A deliberate attempt by a country to influence the exchange rate of its currency to gain an unfair competitive advantage in trade.

StarStarStarStar

Trade-Related Investment Measures (TRIMs)

StarStarStarStar

Regulations used by countries to control foreign investment and influence the balance of trade.

StarStarStarStar

Import Licensing

StarStarStarStar

A procedure requiring governmental approval before a product can be imported, often used to control the volume of imports.

StarStarStarStar

Customs and Administrative Entry Procedures

StarStarStarStar

Complex customs procedures required for importing goods, which can act as barriers due to delays and added costs.

StarStarStarStar

Protectionism

StarStarStarStar

The economic policy of restraining trade between nations, through methods such as tariffs on imported goods and restrictive quotas.

StarStarStarStar

Global Quota

StarStarStarStar

A limit on the total amount of certain goods that may be imported into a country from all foreign sources.

Know
0
Still learning
Click to flip
Know
0
Logo

© Hypatia.Tech. 2024 All rights reserved.