Routledge Dictionary of Economics, Second Edition
common external tariff (F1)
The tariff protecting a free-trade area, e.g. the EUROPEAN COMMUNITY. Some countries outside the area may be permitted to have privileged access, e.g. those Third World countries allowed by the LOMÉ CONVENTION to export to European Community countries preferentially
See also: customs union
This is the complete article, containing 45 words
(approx. 1 page at 300 words per page).
View More Summaries on Common external tariff
