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