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Exact(5)
This is an American-backed free-trade zone that could lead to a lowering of tariffs on a huge swath of goods and services.
This, or so the plan went, would elicit reciprocal lowering of tariffs and trade barriers on the part of developing countries.
Mr. Cavallo began wielding broad powers to revamp the economy with new fiscal initiatives about three months ago, including a tax on financial transactions and a lowering of tariffs on capital goods.
Trade experts said creating a body like the Regulatory Cooperation Council would be critical to achieving a meaningful deal, as Europe and the United States try to achieve something much broader than the lowering of tariffs that is the focus of many trade pacts.
Perhaps the most familiar element of contemporary globalization is trade liberalization: the lowering of tariffs and other barriers to imports that has been a defining characteristic of the post-World War II economic order.
Similar(54)
"A further lowering of tariff barriers, the dismantling of bureaucracy and international standardisation are rather cost-effective methods to create greater wealth that future generations can benefit from".
Rehearsal Domestic affairs brought from the General a rehearsal of France's industrial economic and technological achievements, with the assurance that she had no reason to fear the lowering of tariff walls, which would come when the Common Market was fully operative next year.
Thus, along with lowering of tariff and non-tariff restrictions, TPP is also likely to bring down the trade costs such as customs fees, port handling charges and the cost of time in trade between the member countries.
In another sign of shifting policy, a senior Chinese Commerce Ministry official said at an auto industry conference here on Thursday that Chinese automakers should prepare for the lowering of steep tariffs on imported cars.
In a contribution to the Annals of the American Academy of Political and Social Science Mr Edward A. Filene, while disavowing Free Trade convictions, argues powerfully that a lowering of American tariffs is essential for the stimulation both of world trade in general and American exports in particular.
This reduction was explained by both a lowering of the tariffs of the different DRG (mean evolution −4.6%) and a diminution of the extra funding (814,32 € per day in 2011, 801,19 € in 2016, −1.6%).
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