Base Rate

Base rate in Global Commerce Policy

In this regard, base rate is: a term often used to describe the tariff levels that form the starting point for reductions to be made through tariff negotiations. The levels concerned are those in force on a certain date. The entries on trade policy are here. A decision whether to use bound tariff rates or applied tariff rates is necessary. The entries on trade policy are here. Agreement on what constitutes base rates permits an easy comparison of envisaged or desirable reductions.[1]

Base ratein the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Base rate” entry (OAS)

See Also