ITA CHAP 3-INC

TYPES OF TRADE BARRIERS

TYPES OF TRADE BARRIERS

Any hurdle, impediment or roadblock that hampers the smooth flow of goods and services, and payments from one destination to another. They are man-made obstacles to the free movement of goods between different countries.

Economically, charged to generate revenue for the government and to protect local goods against the dominance of foreign products.

• TRANSIT TARIFF

• EXPORT TARIFF

• IMPORT TARIFF

• SPECIFIC TARIFF

Tax Imposed on a commodity when it crosses the national frontier between the originating country and the country to which it is cosigned to.

• TRANSIT TARIFF

• EXPORT TARIFF

• IMPORT TARIFF

• SPECIFIC TARIFF

Taxes charged by the customs authority on the importation of goods into a country. Usually, the value of the imported goods determines the amount that will be levied on them. In some contexts, import tariffs also means import duties, customs duties, tariffs or import tax

• TRANSIT TARIFF

• EXPORT TARIFF

• IMPORT TARIFF

• SPECIFIC TARIFF

A tax levied by the country of origin on a commodity designated for use in other countries.

• TRANSIT TARIFF

• EXPORT TARIFF

• IMPORT TARIFF

• SPECIFIC TARIFF

Latin for "according to value" or "in proportion to the value" and this type of tariff is levied as a fixed percentage of the value of the commodity imported.

• COMPOUND TARIFF

• AD VALOREM TARIFF

• SPECIFIC TARIFF

• EXPORT TARIFF

It aims at collecting substantial revenue for the government. The tax is imposed on items of mass consumption, but the rate is low.

• PROTECTIVE TARIFF

• COMPOUND TARIFF

• ANTI-DUMPING TARIFF

• REVENUE TARIFF

The commercial practice of selling goods in foreign markets at a price below their normal cost so as to capture the foreign market.

• SINGLE COLUMN TARIFF

• ANTI-DUMPING TARIFF

• PREFERENTIAL TRADE AGREEMENT (PTA)

• COMPOUND TARIFF