Tariff binding

Tariff binding

A commitment, under the GATT, by a country not to raise the tariff on an item above a specified level, called the bound rate or bound tariff.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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tariff binding

Economy; International trade

Commitment not to increase a rate of duty beyond an agreed level. Once a rate of duty is bound, it may not be raised without compensating the affected parties.

tariff binding

Economy; International economics

A commitment, under the GATT, by a country not to raise the tariff on an item above a specified level, called the bound rate or bound tariff.

binding

Automotive; Automobile

(1) The rubbing of brake shoes against the drum or of brake pads against the disc. (2) The strip material turned over along the edge of a carpet or mat.

binding

Printing & publishing; Publishing

The method and/or mechanism by which the contents and covers of a publication are stabilized and secured; see quarter binding, half binding, three-quarter binding, perfect ...

binding

Natural environment; Coral reefs

The ability of molecules to stick to each other because of the exact shape and chemical nature of parts of their surfaces.

binding

Biotechnology; Genetic engineering

The ability of molecules to stick to each other because of the exact shape and chemical nature of parts of their surfaces. Many biological molecules bind extremely tightly and ...

BRICS

Economy; International economics

BRICS is an international political organisation of leading emerging economies. Its five members are Brazil, Russia, India, China and South Africa (prior to South Africa’s ...

circular economy

Economy; International economics

New development strategy, new economic development pattern, aiming at maximizing resource efficiency as well as minimizing waste discharge, and realizing sustainable economic and ...

Wenzhou

Economy; International economics

Wenzhou is a mid-size coastal city in China's eastern province Zhejiang. The name Wenzhou became viral in Wall Street and international business circles in April 2012 after the ...

François Hollande

Economy; International economics

François Hollande (born 12 August 1954) is a French politician who defeated Nicolas Sarkozy to become the 24th president of France on May 6, 2012. Prior to winning the presidency, ...

quantitative easing round 3 (QE3)

Economy; International economics

The U.S. Federal Reserve's 3rd round of stimulus aimed at shoring up the country's economy since the 2007 world financial crisis. It's designed to inject a large amount of extra ...

Geuro

Economy; International economics

To rebuild Greece economy some European economists recommend to launch a new currency for Greece. They call it Geuro.

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Industry/Domain: Accounting Category: Tax

Due diligence

The thorough investigation of a potential acquisition candidate, real estate investment, etc Often used to refer to the investigation of a company for ...