Barriers to Trade

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Issue:

Miscellaneous

 

Written by:

Ryan W

 

Date added:

June 10, 2014

 

Level:

University

 

Grade:

B

 

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10 / 2761

 

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2320 times

 

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Essay content:

Besides, developed countries offer tariff cuts to imports from developing countries under the Generalized System of Preferences (GSP). On the other hand, developed countries practice tariff escalation, the more advanced the production process the higher is the tariff rate. The European Union (EU) imposes a tariff rate of 12 % for imports of canned tuna from Indonesia if the volume is within the quota limit for GSP, but in excess of it the rate increases to 24 % (Kompas, 15 June 2005)...
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Non-tariff barriers Since tariffs as a mean of protection has lost much on importance, non-tariff barriers gain more on importance for developed countries. The following is not a complete list. a. Quantitative restrictions or quota No longer allowed under the Uruguay Round, except for the Multifiber Arrangement (MFA), which will be phased out until January 1, 2005...
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