Duties

WHAT IS A CUSTOM DUTY?

• An obligation for countries to pay Money.

• A tariff is a tax on items entering or leaving a country.

• An amount of mney to pay for doing business.

• An amount of money for business.

How do tariffs help the countries?

• Tariffs help for doing business.

• Tariffs protect some domestic industries from competition abroad.

• When you want to create new business.

• For international commerce.

What’s the name of the money collected under a tariff?

• Courrency.

• Is called a duty or a customs duty.

• Custom border payment.

• Money exchange rate.

What is trade deficit?

• It is an amount of money that a coutnry needs to pay.

• An amount by wich a country exports and imports.

• Is the amount by which a country imports exceed the

  value of its exports.

• An amount of money for doing business.

What is a disadventage for the international commerce with high Duties on products ?

• The final price of the product in the market.

• That companies suffer the consequences of High Duties.

• The countries gain more power.

• That new business can be done.