Glossary search results for "K" (73)
List of terms in glossary:
ACP - The African, Caribbean and Pacific Group of States (ACP) is an organisation composed of 79 African, Caribbean and Pacific states, created by the Georgetown Agreement in 1975. All of them, except Cuba, are signatories of the Cotonou Agreement, also known as the "ACP-EC Partnership Agreement". The agreement regulates preferential trading conditions, as well as political, commercial and development relations with the EU.
In December 2019, the ACP's Council of Ministers endorsed a revision of the Georgetown Agreement that will transform the current ACP Group of States into the Organisation of African, Caribbean Pacific States (OACPS).
Dumping is exporting at below national market cost to gain market share on the world market. Article VI of the 1994 GATT authorises anti-dumping duties to be levied on dumped goods equal to the difference between their export price and their normal value, if dumping causes injury to producers of competing products in the importing country.
Dumping is exporting at below national market cost to gain market share on the world market. Anti-dumping duties are taxes imposed on imported goods in order to compensate for the difference between their export price and their normal value, if dumping causes injury to producers of competing products in the importing country. Anti-dumping duties are enabled by Article VI of the GATT.
An exporter who has met certain conditions imposed by the customs authorities and who is allowed to make out invoice declarations. The customs authorities can also withdraw approval from exporters who abuse it. The approval procedures depend on national rules.
The AEO concept is based on the Customs-to-Business partnership introduced by the World Customs Organisation (WCO) with a view to ensure supply chain security whilst facilitating customs procedures.
Traders who voluntarily meet a range of criteria work in close cooperation with customs authorities.
This implies that there must always be a relationship between customs and the applicant/AEO.
This relationship must be based on the principles of mutual transparency, correctness, fairness and responsibility.
Provision under agreements between two countries/entities that allows each member of the agreement to use products originating in the other without the final good losing its originating status.
Goods produced from originating materials in one FTA country and further processed in the other, can then be exported back to the first country under preferential treatment. Without cumulation only the inputs originating in the exporting country could be counted towards the originating status.
Political organisation, subgroup of the African, Caribbean and Pacific Group of States, that serves as a base for economic dialogue with the European Union. It was established in 1992. Its membership comprises the 15 Caribbean Community states, along with the Dominican Republic. All Participating States in CARIFORUM, with the exception of Cuba, are signatories to the ACP-EU Partnership Agreement or “Cotonou Agreement” and the EPA, respectively.
The member states are: Antigua and Barbuda, The Bahamas, Barbados, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago.
A method of exporting goods, where the exporter selects the carrier and pays the freight costs to the named destination. When the first carrier takes possession of the goods, all risks of loss or damage – including any increase in shipping costs – are transferred from the seller to the buyer. CIP indicates that the seller is required to provide insurance and pay the related premium.
Method of exporting goods, where the exporter pays for transport of goods to the named destination. The buyer is responsible for all risks of loss or damage, as well as any additional charges that may arise after the first carrier has taken possession of the goods. When the goods are delivered to the carrier, the responsibility for risk is transferred from the seller to the buyer.
The letters CE appear on many products traded on the extended Single Market in the European Economic Area (EEA). By affixing the CE marking to a product, a manufacturer declares that the product meets all the legal requirements for CE Marking and can be sold throughout the EEA without restriction. This also applies to products made in other countries that are sold in the EEA. The CE marking does not indicate that a product has been approved as safe by the EU or another authority. Not all products must have CE marking. It is compulsory only for most of the products covered by the New Approach Directives.