Common Customs Tariff

Common Customs Tariff
The sum of all Community provisions fixing import and export duties and duty exemptions with regard to specific goods, including agricultural, anti-dumping and preferential duties, tariff quotas and tariff suspensions EU Customs Glossary

Financial and business terms. 2012.

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  • common customs tariff — the charge upon goods from outside the European Communities to enter the common market. Along with the elimination of customs duties, this is the other major plank of the customs union that itself was, and is, a crucial part of the Common Market… …   Law dictionary

  • Common external tariff — When a group of countries form a customs union they must introduce a common external tariff. The same customs duties, import quotas, preferences or other non tariff barriers to trade apply to all goods entering the area, regardless of which… …   Wikipedia

  • customs tariff — ➔ tariff * * * customs tariff UK US noun [C] TAX ► a tax paid on goods imported into a country: »lower/reduce customs tariffs »Barriers to trade were abolished and a common customs tariff was set up. → See also CUSTOMS DUTY( …   Financial and business terms

  • Common External Tariff — (CET)   Essential to any customs union, and first introduced in the early 1960s as an average of the customs levies of the Member States …   Glossary of the European Union and European Communities

  • customs union — An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members. Bloomberg Financial Dictionary The merger of two or more customs territories with the effect that (Art. XXIV GATT and Art …   Financial and business terms

  • customs debt — The obligation on a person to pay import or export duties under the provisions of the Community Customs Code and the Common Customs Tariff EU Customs Glossary …   Financial and business terms

  • customs union — one of the main ways in which the European Union seeks to achieve a common market. It involves two major steps: (1) the prohibition of customs duties and measures having equivalent effect; (2) the adoption of a common external tariff against the… …   Law dictionary

  • Customs union — World trade A series on Trade …   Wikipedia

  • Customs territory — A customs territory is a territory with individual customs regulations. The most common type of customs territory is the sovereign state and the others are the Trade bloc that has a customs union;[1][2] and the autonomous or dependent territory… …   Wikipedia

  • Customs union — An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members. The New York Times Financial Glossary * * * customs union ˈcustoms ˌunion noun [countable usually singular] COMMERCE an… …   Financial and business terms

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