Details of China trade agreement signing revealed

Essay specific features

 

Issue:

Business

 

Written by:

Courtney S

 

Date added:

May 29, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 618

 

Was viewed:

5371 times

 

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Essay content:

The two main barriers used are Tariffs and Quotas. A tariff is a tax levied on imported goods. The tariff can be both an ad valorem tax, and a specific tax (McGee). A quota however is a quantitative limit on imports set by the importing country. The effect desired by a quota is that domestic suppliers will replace some of the imports at a higher than world market price...
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The tariff can be both an ad valorem tax, and a specific tax (McGee). A quota however is a quantitative limit on imports set by the importing country. The effect desired by a quota is that domestic suppliers will replace some of the imports at a higher than world market price. An example of this is the shoe market in New Zealand...
displayed 300 characters

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