Import Surcharge

Import surcharge in Global Commerce Policy

In this regard, import surcharge is: a levy added to the normal customs duties. Countries sometimes apply a surcharge to improve a current account deficit, usually with limited success because persistent trade deficits tend to reflect a particular type of economic structure or, sometimes, more deep- seated economic problems. The entries on trade policy are here. Import surcharges also raise the cost of domestic producers and cause them to become less competitive against international standards. The imposition of a surcharge may be legal under the WTO rules if it does not exceed the margin between the applied tariff rates and the bound tariff rates. See also primage.[1]

Import surchargein the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Import surcharge” entry (OAS)

See Also