Home > Term: bound tariffs
bound tariffs
The most-favored-nation tariff resulting from negotiations under the General Agreement on Tariffs and Trade (GATT) and incorporated as the integral component of a country's schedule of concessions; a commitment not to raise a tariff above a specified level.
- Part of Speech: noun
- Industry/Domain: Agriculture
- Category: General agriculture
- Company: USDA
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Creator
- Elsa Cadena
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