Common external tariff

Common external tariff

When a group of countries form a customs union they must introduce a common external tariff. The same customs duties, import quotas, preferences or other non-tariff barriers to trade apply to all goods entering the area, regardless of which country within the area they are entering. It is designed to end re-exportation; but it may also inhibit imports from countries outside the customs union and thereby diminish consumer choice and support protectionism of industries based within the customs union.

The common external tariff is a mild form of economic union, but may lead to further types of economic integration. In addition to having the same customs duties, the countries may have other common trade policies, such as having the same quotas, preferences or other non-tariff trade regulations apply to all goods entering the area, regardless of which country within the area they are entering.

Important examples of common external tariff are that of the Mercosur countries (Brazil, Argentina, Venezuela, Paraguay and Uruguay) as well as the Common Customs Tariff of the Customs Union of Belarus, Kazakhstan and Russia.

See also



Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Common External Tariff — CET The tariff of import duties payable on certain goods entering any country in the European Union from non member countries. Income from these duties is paid into the Common Budget …   Big dictionary of business and management

  • Common External Tariff — (CET)   Essential to any customs union, and first introduced in the early 1960s as an average of the customs levies of the Member States …   Glossary of the European Union and European Communities

  • common customs tariff — the charge upon goods from outside the European Communities to enter the common market. Along with the elimination of customs duties, this is the other major plank of the customs union that itself was, and is, a crucial part of the Common Market… …   Law dictionary

  • Common Agricultural Policy — (CAP)   Originally created with three main components: a single market for agricultural products, with common prices; a common external tariff (CET) on agricultural imports; and common financial responsibility. Its core is the guaranteed price… …   Glossary of the European Union and European Communities

  • Tariff — For other uses, see Tariff (disambiguation). Taxation An aspect of fiscal policy …   Wikipedia

  • Common carrier — Admiralty law History …   Wikipedia

  • Central American Common Market — Infobox Geopolitical organization native name = Mercado Común Centroamericano name = Central American Common Market (CACM) linking name = the Central American Common Market map caption = Map of Central America indicating CACM members org type =… …   Wikipedia

  • Tax, tariff and trade — The tax, tariff and trade laws of a political region, state or trade bloc determine which forms of consumption and production tend to be encouraged or discouraged. All three are often changed by a trade pact.Typically all three types of laws must …   Wikipedia

  • Non-tariff barriers to trade — (NTBs) are trade barriers that restrict imports but are not in the usual form of a tariff. Some common examples of NTB s are anti dumping measures and countervailing duties, which, although they are called non tariff barriers, have the effect of… …   Wikipedia

  • Democracy and the Common Wealth — Democracy and the Common Wealth: Breaking the Stranglehold of the Special Interests   Author(s) Michael E. Arth …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”