List of terms in glossary:
Subsidies are when a government provides unfair financial assistance to its companies to produce or export goods at artificially low prices. The subsidies must be specific i.e. given to a particular company, group of companies, sector or region.
Refers to products that have been produced by using non-originating materials or were partially processed abroad. Rules of origin included in preferential trade arrangements contain a list which establishes, for each product, the required processing operations to be carried out in the partner country in order for the product to be considered as originating.
In an export-import context, the number of units in a consignment. The measurement used depends in the type of goods.
EU online database for customs tariffs
A tariff is a customs duty or tax levied on imports of merchandise goods. Most of the time a tariff is an ad valorem tariff (percentage of value) or a specific tariff (e.g. $100 per ton). Less often, it can be a compound tariff made up of both of these elements applies. Tariffs are mostly levied on imports, but there are cases of tariffs on exports. Tariffs raise revenue for the government and increase the prices of imported products, thus giving domestically produced products a price advantage.
Generally, it is the importer that pays the tariff. The importer declares the dutiable value of merchandise to the Customs Authority in the importing country and the final appraisal of the goods value is done by customs. Most often it is the transaction value (the price actually paid by the buyer to the seller) that serves as the basis for the value appraisal.
Notwithstanding the rules governing the multilateral trading system, developed countries may grant tariff preferences to developing economies without requiring reciprocity (under the Generalised system of preferences scheme, or on a category, regional or bilateral basis).
Belt of coastal waters extending at most 12 nautical miles from the baseline of the coast of a state, subject to its exclusive jurisdiction, as defined by the United Nations Convention on the Law of the Sea.
Requirement for goods with a preferential origin to be produced within the territory of the parties to a preferential trade arrangement, without any interruption (i.e. not leaving the territory of that party during the production process).
Series of individual agreements between the EU and Mediterranean partner countries, in relation to the Barcelona Declaration. The scope of these agreements is essentially limited to trade in goods and a number of bilateral negotiations are on-going or being prepared in order to deepen the Association Agreements.
These ongoing or future negotiations are related to further liberalisation of trade in agriculture, liberalisation of trade in services, accreditation and acceptance of industrial products and regulatory convergence.