commercial policy Flashcards
(29 cards)
set of regulation practices and strategy to manage trade and economic relation
commercial policy
removal of tariff quotas and ntb
free trade
taxes imposed on imported goods
tariff
raise price of foreign product
tariff
fix fee for each unit of product
specific tariff
cost of import goods at except point
free on board (FOB)
percent of the products value or percent of CIF price
add valorem tariff
landed cost of the imported goods
cost, insurance, and freight (CIF)
limit imposed by government on the physical quantity
quotas
promise by government a to government b to limit export
voluntary restrain agreement
restrict the quantity of goods to a fixed number
absolute quota
certain quantity of goods to be imported at lower tariff rate
tariff rate quota
levies of the export of commodities
export taxes
payment to affirm or individual that ship a good abroad
export subsidy
restrict the importation of foreign good to a country
other non tariff barriers (NTB)
in response to public activism from interested parties
sanitary and phyto sanitary restriction
price of domestic currency in relation to foreign currency
exchange rate management
to support farm income and often result in restriction of import
commodity program
reduce the marketing cost of home producer
market support
reduce the cause of production by lowering the price of inputs
input subsidy and tax exemption
increasing the productivity and profitability of farming sector
long term investment assistance
main components are investment in agricultural research
long term investment assistance
say for rice is first examine
market equilibrium in a closed economy
