Maximum-minimum Tariff

Maximum-minimum tariff in Global Commerce Policy

In this regard, maximum-minimum tariff is: a tariff schedule that gives for some tariff items the maximum and the minimum rate the customs authorities may apply to imported products. Such tariffs usually were developed autonomously by national legislatures. The intention was to reward those countries perceived as having relatively open markets with the lower rates and to impose the higher rates on countries considered relatively closed. The emergence of general most-favoured-nation treatment has ruled out its use in this way among WTO members, though it would still be legal in the conduct of their trade relations with non-members. See also conventional tariff and negative reciprocity.[1]

Maximum-minimum tariffin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Maximum-minimum tariff” entry (OAS)

See Also