Trade Protectionism - Major Instruments of Trade Control
3 important questions on Trade Protectionism - Major Instruments of Trade Control
The effective tariff controversy states that:
Developing countries argue that their processed portion of commodities have higher tariffs than the published rates
Governmental subsidies may help companies be competitive
- but there is little agreement on what subsidy is
- But agricultural subsidies are difficult to dismantle
- Especially to overcome market imperfections because they are least controversial
- But agricultural subsidies are difficult to dismantle
- Especially to overcome market imperfections because they are least controversial
Because it is difficult for officials to determine the honesty of import invoices:
- Valuation procedures have been developed
- They may restate the value
- They may question the origin of and product classification of imports
- They may restate the value
- They may question the origin of and product classification of imports
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