Tariff escalation

Tariff escalation

Higher import duties on semi-processed products than on raw materials, and higher still on finished products. This practise protects domestic processing industries and discourages the development of processing activity in the countries where raw materials originate.

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Part of Speech: noun
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Blossary:
Industry/Domain: Economy
Category: International trade
Organization: WTO
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Related terms

tariff escalation

Economy; International trade

Higher import duties on semi-processed products than on raw materials, and higher still on finished products. This practice protects domestic processing industries and discourages ...

escalation

Printing & publishing; Publishing

A contractual agreement to increase the magnitude of royalty payments when sales exceed a predetermined quantity, or when a publication is reprinted, revised, or reissued in a ...

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Economy; International economics

1. Regarding the structure of tariffs, see tariff escalation. 2. In the context of a trade war, escalation refers to the increase in tariffs that occurs as countries retaliate ...

escalation

Military; General military

A deliberate or unpremeditated increase in scope or violence of a conflict.

escalation

Software; Globalization software service

A course of action that runs when a task is not completed satisfactorily within a specific period of time. See also escalation limit.

escalation

Computer; Operating systems

The process of delegating a task if the user has not acted on the task in the alloted time frame.

United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

variable levy

Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

voluntary restraint arrangement (VRA)

Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver

Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.

Washington Treaty

Economy; International trade

Treaty for the protection of intellectual property in respect of lay-out designs of integrated circuits.

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