A tariff that applies to imports from other countries that do no not enjoy preferential or most-favoured-nation tariff treatment. Where the general tariff differs from the most favoured-nation rate, the general tariff is usually older and higher.
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The general tariff is imposed on a product imported from a country that is neither granted the most-favoured nation status nor is subjected to a preferential arrangement.
Read MoreGeneralized System of Preferences (GSP)
A framework under which developed countries give preferential tariff treatment to goods imported from certain developing countries. GSP is one element of a coordinated effort by industrial trading nations to bring developing countries more fully into international trading system. More…
Read MoreGlobal quota
In customs, a quota of the total imports of a product from all countries.
Read MoreGlobal quota
A global quota is the limit of quantities allowed to enter a country as imports. It is applicable to all import sources combined regardless the country of origin.
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