Common external tariff: Difference between revisions

Revision as of 11:41, 28 April 2021

Revision as of 00:46, 29 May 2021

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Important examples of common external tariff are that of the [[Mercosur]] countries ([[Brazil]], [[Argentina]], [[Venezuela]], [[Paraguay]] and [[Uruguay]]), the Common Customs Tariff of the [[Eurasian Economic Community customs union]] as well as the [[European Union Customs Union]].

== Structure of CET ==

'''<big>STRUCTURE OF CET</big>'''

This is related to the internalization of terms-of-trade effects in the Common External Tariff which has the following Structure as adopted by the [[ECOWAS]] [[Council of Ministers]] at its 70th ordinary session in June 2013 is as follows <ref>{{Cite web|url=http://www.aidfortrade.ecowas.int/programmes/ecowas-common-external-tariff-cet?cbiekngdjecjecje?gdjmohdjmohdjmgl|title=ECOWAS Common External Tariff|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

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The goods declared to Customs in the Community, must generally be classified according to the CET. Imported and exported goods must be declared stating under type they fall. This determines which rate of customs duty applies and how the goods are treated for statistical purposes.<ref name=":0">{{Cite web|url=https://slideplayer.com/slide/10309238/|title=INTRODUCTION TO THE ECOWAS COMMON EXTERNAL TARIFF ALBERT AKURUGU SENIOR REVENUE OFFICER GRA CUSTOMS DIVISION. - ppt download|website=slideplayer.com|access-date=2020-04-26}}</ref>

'''<big>BENEFITS== OFBenefits THEof CET</big>'''the CET<ref>{{Cite web|url=https://www.ecowas.int/wp-content/uploads/2016/06/CET_Factsheet_EN.pdf|title=The common external tariff (cet) Structure, Benefits, Challenges and the Way Forward of the CET|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref> ==

*     Increasing the Intra-regional trade: guarantying the availability of more goods to be traded regionally.

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*       Casting down smuggling: smuggling is often encouraged by the difference in tariffs, but when a region applies a common tariff, this will remove the necessity of buying smuggled products in regions which previously had high tariffs of the same goods.

'''<big>COSTS== OFCosts REGIONALof INTEGRATION</big>'''regional integration<ref name=":0" /> ==

* Having a single market ensures a competitive environment for both consumers and markets which make monopolies existence hard. Among the consequences of these unique markets is that ineffective companies market share will decrease and it may have to close down.

*   Some sectors of the national economy may undergo of negative impact  due to an increase on international competitiveness, which the main reason is the transition to single markets, specially companies that used to benefit of national market protection may have a hard time to deal against their more efficient peers. Eventually, if the enterprise go wrong on organizing their methods, it will fail.

== See also ==

* [[Customs]]

* [[Harmonized System|Harmonized System (World Customs Organisation)]]

* [[Combined Nomenclature|Combined Nomenclature (EU)]]

== References ==

<references />