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FrançaisThe tariff code is the number assigner in the Harmonized Commodity Description and Coding System (HS code) of the tariff nomenclature. This is an international standardised system of names and numbers for the classification of commodities. The Tariff code based…
Read MoreTariff escalation
Higher import duties on semi-processed products than on raw materials, and higher still on finished products. This practice protects domestic processing industries and discourages the development of processing activity in the countries where raw materials originate.
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Application of a higher tariff rate to imported goods after a specified quantity of the product has entered the country at a lower prevailing rate. See quota.
Read MoreTariff rate quota
A tariff-rate quota is a combination of an import tariff and an import quota in which imports below a specified quantity enter at a low (or zero) tariff and imports above that quantity enter at a higher tariff. A tariff quota has…
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A tariff regime is a set of tariff rates covering all products for a particular importing country, exporting country, preferential status (specific preferences or MFN/General rates) and time period.
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