Nominal Rate Of Protection

Nominal rate of protection in Global Commerce Policy

In this regard, nominal rate of protection is: indicates the extent by which the domestic price of a product exceeds the price at the border (i.e. before the application of any customs duties). The entries on trade policy are here. It as usually expressed as a percentage. See also effective rate of protection and price wedges.[1]

Nominal rate of protectionin the wold Encyclopedia

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

Resources

Notes and References

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

See Also