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FrançaisA place of storage for imported goods that have not been promptly customs-cleared. The length of the goods may await clearance varies from country to country and port to port. General order storage can be extremely expensive, which is why…
Read MoreGeneral partnership
A partnership in which all of the partners have joint and several liability for the partnerships obligations. See joint and several liability.
Read MoreGeneral tariff
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.
Read MoreGeneral tariff
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…
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