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Ad valorem equivalent (AVE)
A tariff that is not a percentage (eg, dollars per ton) can be estimated as a percentage of the price - the ad valorem equivalent.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International trade
- Organization: WTO
- Product:
- Acronym-Abbreviation:
Other Languages:
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