Compound Tariff

Compound tariff in Global Commerce Policy

In this regard, compound tariff is: a rate of duty on a product which consists of two components. The first is an ad valorem rate, expressed as a percentage of the value of the product. The second component is a specific rate, expressed as a monetary value per article regardless of the value of the product. The entries on trade policy are here. A hypothetical example would be one where each compact disc incurs a specific tariff of one dollar plus an ad valorem tariff set at 10%.[1]

Compound tariffin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Compound tariff” entry (OAS)

See Also