Thirty

Thirty in Global Commerce Policy

In this regard, a definition of this issue is as follows: ten formula: the first proposal for a formula leading to linear tariff cuts made by the European Economic Community (EEC) during the Kennedy Round. The idea initially was that there would be a comparison of the tariff rates of each participant, later modified to mean the EEC, Japan, the United States and the United Kingdom as the largest traders. Whenever the high tariff was more than 30% ad valorem and the difference with the low tariff was more than 10 percentage points, it would have been subject to the linear reduction formula yet to be elaborated. The formula was abandoned because it was thought to lead to incongruous results when applied to actual trade flows. The entries on trade policy are here. It was succeeded by the double écart formula. See also écrêtement and peak tariffs.[1]

Thirty in the wold Encyclopedia

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

Resources

Notes and References

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

See Also