What does bound tariff rate mean?
Definitions for bound tariff rate
bound tar·if·f rate
This dictionary definitions page includes all the possible meanings, example usage and translations of the word bound tariff rate.
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Wikipedia
Bound tariff rate
The Bound tariff rate is the most-favored-nation tariff rate resulting from negotiations under the General Agreement on Tariffs and Trade (GATT) and incorporated as an integral component of a country’s schedule of concessions or commitments to other World Trade Organization members. If a country raises a tariff to a higher level than its bound rate, those adversely affected can seek remedy through the dispute settlement process and may obtain the right to retaliate against an equivalent value of the offending country’s exports or the right to receive compensation, usually in the form of reduced tariffs on other products they export to the offending country.
Numerology
Chaldean Numerology
The numerical value of bound tariff rate in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of bound tariff rate in Pythagorean Numerology is: 7
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"bound tariff rate." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/bound+tariff+rate>.
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