Tariff Anomaly
Tariff anomaly in Global Commerce Policy
In this regard, a definition of this issue is as follows: used by some to refer to what is commonly known as tariff escalation, i.e. the tariff rate on raw materials or semi-finished products is lower than on the finished product made of these materials in order to encourage domestic manufacturing. For others, a tariff anomaly is precisely the opposite, i.e. the tariff rate on raw materials and semi-finished products is higher then the rate levied on the finished product.[1]
Tariff anomalyin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Tariff anomaly” entry (OAS)
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