Exact(2)
Most importantly, the weaker sterling has lowered imports as the UK got poorer through higher inflation.
This has dramatically reduced the EU's demand for primary resources and lowered imports, in particular metals.
Similar(58)
This year, it lowered import tariffs to below 5percentt, but largely replaced them with excise taxes.
In the last five years, Brazil unilaterally lowered import tariffs to an average of 14percentt, from 55percentt, Mr. Jank said.
In the 1980s a government led by Australia's Labour Party lowered import tariffs on cars in a bid to make the industry more competitive.
The era of import substitution ended in 1976 when the Argentine government lowered import barriers, liberalized restrictions on foreign borrowing, and supported the peso (the Argentine currency) against foreign currencies.
Then, Egypt lowered import tariffs, opened up its foreign-exchange market and cut taxes and red tape, so that by 2007 it was the top reformer in the World Bank's "Doing Business Report".
In 1976, the era of import substitution was ended, and the government lowered import barriers, liberalized restrictions on foreign borrowing, and supported the peso against foreign currencies.
This will exert a drag on inflation both through lowering imports costs and by lowering world demand for UK goods", Carney said.
With fewer places to drill around the world, the biggest oil companies, including Exxon Mobil, Chevron and Shell, argue that more domestic oil production is not incompatible with the administration's goals of lowering imports and using energy more efficiently.
An improved trade performance, representing higher sales of American products overseas and lower imports, was the biggest contributor to the second-quarter improvement, adding 1.4 percentage points to the 4percentt growth rate.
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