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Site Contents for Secrets of International Trade |
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"...substantial additional charge on export is the consular fee required to legalize shipping documents..." These special Additional import duties that a government may levy on goods exported from their country of origin, have been encouraged by the payment of an export bounty or subsidy. The purpose of the duty is to offset, or "countervail", the county or subsidy so that the goods cannot be sold at an artificially low price in the foreign country and thereby provide unfair competition for local manufacturers. Extra Charges In addition to customs duty, an exporter may sometimes have to pay one or more extra charges in order to get its goods into the foreign country. These includes:
1. Taxes b) A package tax - that is, a small tax on each package in a shipment.
c) An import surcharge - this is calculated as a percentage of the value of the shipment, it is usually levied on selected items, notable luxury goods, to discourage their import. |
Page 1/11 Tariff Barriers and Non-tariff barriers Page 2/11 - About Tariff Lists, Dutiable Value and Anti Dumping Duties <<This
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Page 4/11 Free Trade Zone, Bonded Warehouses GATT now known as WTO Page 5/11 European Directive and CE marking requirement Page 6/11 Trading Blocks, common tariff barrier & European Economic Community |
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The exporter may also be required to pay various internal taxes (such as sales taxes, excise taxes, purchase taxes, and value added taxes) before its goods reach the final customer.
2. Prior Deposit These deposits are then held, interest-free, by the Central Bank of that country, for various lengths of time before being refunded.
3. Consular Fees This fee may be collected by the consular authorities in the exporting country or by the customs officials at the port of entry.
Since 1950, over 120 countries have agreed to use the Brussels Tariff Nomenclature (BTN) established in that year, which classifies products according to their physical substance.
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Page 7/11 ASEM Members APEC -Asia Pacific Economic Cooperation AABF Africa-Asia Business Forum CHOGM Page 8/11 Exchange control and 'import quotas' together with 'tariffs' are the main form of protectionism Page 9/11 - France, once required Japanese video players be cleared through a tiny Customs office with horrendous delays. Page 10/11 APEC Asia-Pacific Economic Cooperation - This huge regional trade group from 21 nations accounts for more than half of the world's economic output and 42% of its population. Page 11/11 The ASEAN Economic Community represents a huge market with a combined population of one 600 million people. |
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Another customs nomenclature, the Standard International Trade Classification (SITC), was developed by the United Nations, but had been adopted for only a few various products.
An item-by-item correspondence has been worked out between the two tariff classifications. Because, many thousands of different products entering into international trade, more and more countries are switching to the already-widely-used Brussels Tariff Nomenclature. A Customs Cooperation’s Council, located in Brussels, with membership of over 120 countries, is promoting this trend towards greater customs uniformity by preparing drafts for new customs conventions and by offering technical assistance in customs administration.
Below are some of the many benefits arising from greater uniformity of customs nomenclature:
Next Page 4/11
About Free Trade Zone,
Bonded Warehouses,
GATT- now known as WTO
"signatories to 'GATT' now call 'WTO' agreed to exchange
most-favored customs treatment" |
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