Snapback Provision

Snapback provision in Global Commerce Policy

In this regard, snapback provision is: a mechanism sometimes built into preferential trade agreements or other trade agreements which allows an importing country to increase temporarily the tariff on a specified good or limit the quantities of that good that may be imported at the preferential tariff if its value at the border drops below a certain point.[1]

Snapback provisionin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Snapback provision” entry (OAS)

See Also