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A common external tariff(CET) must be introduced when a group of countries forms a customs union. The same customs duties, import quotas, preferences or other non-tariff barriers to trade apply to all goods entering the area, regardless of which country within the area they are entering. It is designed to end re-exportation; but it may also inhibit imports from countries outside the customs union and thereby diminish consumer choice and support protectionism of industries based within the customs union. The common external tariff is a mild form of economic union but may lead to further types of economic integration. In addition to having the same customs duties, the countries may have other common trade policies, such as having the same quotas, preferences or other non-tariff trade regulations apply to all goods entering the area, regardless of which country, within the area, they are entering.
The main goal of the Custom Unions is to limit external influence, liberalize intra-regional trade, promote economic development and diversification in industrialization in the Community.
Examples of a common external tariff are those of the Mercosur countries (Brazil, Argentina, Venezuela, Paraguay and Uruguay), the Economic Community of West African States, the Common Customs Tariff of the Eurasian Economic Community customs union and the European Union Customs Union.
and 27 Related for: Common external tariff information
A commonexternaltariff (CET) must be introduced when a group of countries forms a customs union. The same customs duties, import quotas, preferences...
area with a commonexternaltariff. Customs unions are established through trade pacts where the participant countries set up commonexternal trade policy...
unlike a free-trade area – members of the customs union impose a commonexternaltariff on all goods entering the union. The European Commission negotiates...
signatories could charge the same quotas on imports from other countries (commonexternaltariff). The following year, Bolivia and Chile acquired membership status...
usually combines a customs union with a common market. A typical EMU establishes free trade and a commonexternaltariff throughout its jurisdiction. It is...
effective on January 1, 2010 at the date of implementation of the commonexternaltariff (CET) as the Customs Union of the Eurasian Economic Community or...
common externaltariff, and the participating countries share the revenues from tariffs on goods entering the customs union. In some societies, tariffs also...
Unlike the EU, AFTA does not apply a commonexternaltariff on imported goods. Each ASEAN member may impose tariffs on goods entering from outside ASEAN...
1885: French tariff of 1885 1887: French tariff of 1887 1892: Méline tariff 1968: European Economic Community (CommonExternalTariff completed 1 July)...
German tariff of 1887 1902: German tariff of 1902 1925: German tariff of 1925 1968: European Economic Community (CommonExternalTariff completed 1 July)...
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue...
whom?] was the adoption of a commonexternaltariff by the European Economic Community. Significant concessions on tariffs to agricultural exports were...
customs tariffs. The European Union (EU) is the only trade bloc in which the union institutions have exclusive competence over the commonexternaltariff and...
ministries opposed British participation as the establishment of a commonexternaltariff would mean the end of the Imperial Preference system of trade within...
EAHC. This provided a customs union, a commonexternaltariff, currency, and postage. It also dealt with common services in transport and communications...
customs union through a commonexternaltariff and a common competition policy. New Zealand and Australia already have a common competition policy but...
products Customs union – Type of trade bloc with a free trade area and commonexternaltariff Denied trade screening – Screening parties to an export transaction...
SADC-wide commonexternaltariff as prerequisite for a regional customs union is missed. On Wednesday 22 October 2008, SADC joined with the Common Market...
European Time, UTC+1:00 Colombo Electric Tramways A commonexternaltariff applied by a customs union Common Eligibility Test, an examination for government...
1964, formed a customs union with free trade between members and a commonexternaltariff for imports from other countries. The treaty became effective in...
Union. This provided for tariff free trade between the contracting parties and a common customs administration and externaltariff. Excluded from the regulation...
accomplished through: The establishment of a customs union with a commonexternaltariffCommon policies for agriculture, transport and trade, including standardization...
provides for a commonexternaltariff and a common excise tariff to this common customs area. All customs and excise collected in the common customs area...
The Chicken Tax is a 25 percent tariff on light trucks (and originally on potato starch, dextrin, and brandy) imposed in 1964 by the United States under...
being exercised. The customs union involves the application of a commonexternaltariff on all goods entering the market. Once goods have been admitted...
unified tariffs on the exterior borders of the union (CET, commonexternaltariffs). A "monetary union" introduces a shared currency. A "common market"...
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