Countervailing duties

Special customs duties imposed o imports to offset the benefits of subsidies to producers or exporters in the exporting country. Article VI of the General Agreement on Tariff and Trade (GATT) – now World Trade Organization (WTO) – permits the…

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Country of origin

The nation in which referenced goods were grown, manufactured or produced, or for some customs valuation criteria, substantially transformed. See customs valuation.

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Country risk

The possibility of non-payment caused by such buyer-country related problems as political instability, war, arbitrary government action and exchange inconvertibility, as opposed to problems that could be encountered by the buyer such as insolvency or bankruptcy. A country-risk country classification…

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