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European Union: 1.39%: 2021: 5.2%: 2021: 1.49%: 2021: Notes: WB: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level.
The European Union has concluded free trade agreements (FTAs) [1] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [2] The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to ...
Integrated Tariff of the European Union - TARIC; Central Excise Tariff of India by Department of Customs, Ministry of Revenue; East Africa Community Common External Tariff; Japan Tariff Association – webpage refers to Japan Harmonised System Code Search; Mexico import-export codes (Harmonized Tariff Schedule) by SIICEX and CAAAREM; UK Tariffs
Council Regulation (EEC) No 2658/87 of 23 July 1987, creates the goods nomenclature called the Combined Nomenclature, or in abbreviated form 'CN', established to meet, at one and the same time, the requirements both of the Common Customs Tariff and of the external trade statistics of the European Union. [1]
The European Union expects a comprehensive trade agreement that covers trade, transport, foreign policy and fishing. [8] Consequently, it believes, resolution of any dispute related to the interpretation of EU law could only be determined by the European Court of Justice .
A tariff is called an optimal tariff if it is set to maximise the welfare of the country imposing the tariff. [73] It is a tariff derived by the intersection between the trade indifference curve of that country and the offer curve of another country.
Article 207(1) of the Treaty on the Functioning of the European Union (TFEU) states: [5] "The common commercial policy shall be based on uniform principles, particularly with regard to changes in tariff rates, the conclusion of tariff and trade agreements relating to trade in goods and services, and the commercial aspects of intellectual property, foreign direct investment, the achievement of ...
The European Customs Information Portal (ECIP) [1] is a service for business operators, in particular SMEs, in all member states importing goods into and exporting goods from the European Union, such as carriers, forwarders, importers and exporters.