Glossary search results for "(" (52)
List of terms in glossary:
Form of diagonal cumulation, which exists only under the generalised system of preferences (GSP) and operates between members of a regional group of beneficiary countries (e.g. ASEAN).
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The system of certification of origin of goods that applies for the Generalised System of Preference (GSP) of the European Union since 1 January 2017. It is based on a principle of self-declaration of conformity by economic operators, who complete themselves so-called statements on origin.To be entitled to make out a statement on origin, economic operators will have to be registered in a database by the competent authorities of the country where they are operating their business. The economic operator will become a "registered exporter".
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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.
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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).
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).
International Union for the Protection of New Varieties of Plants - Intergovernmental organisation with headquarters in Geneva (Switzerland), established by the International Convention for the Protection of New Varieties of Plants. It aims to provide and promote an effective system of plant variety protection, with the aim of encouraging the development of new varieties of plants, for the benefit of society.
Transit document serving both as a customs declaration and a guarantee in countries that are a contracting party to the Transport International Routier (TIR) Convention.
Provision that allows a small amount of non-originating materials to be used in the production of the goods without affecting their originating status, as long as it does not exceed a certain threshold (usually set at around 10% or 15% of the ex-work price or weight of the good, depending on the preferential trade arrangement). However, if the product specific rule already allows the use of a percentage of non-originating materials, the tolerance cannot be used to exceed that amount. The tolerance rule is also known as ‘de minimis’.
Trade defence instruments are used to restore fairness and a level playing field when imports of a given product from a third country enter the EU at artificially low prices thereby harming the European manufacturing industry. They allow for additional duties to be added to imports into the EU when unfair trade is taking place.
Trade Defence instruments can only deal with low import prices if such prices are dumped, subsidized or if they trigger a sharp and unforeseen surge of imports.
Trade defence measures affect only around 1 % of the EU’s total import volumes.
The EU’s trade defence legislation, in line with World Trade Organisation rules, comprises instruments for:
• anti-dumping
• anti-subsidy
• safeguards