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| Pattern of imports and exports that occurs in the absence of trade barriers |
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| Financial assistance to domestic producers in the form of cash payments, low-interest loans, tax breaks, product price supports, or other forms |
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| Designated geographic region through which merchandise is allowed to pass with lower customs duties (taxes) and/ or fewer customs procedures |
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| Government tax levied on a product as it enters or leaves a country |
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| Tariff levied as a percentage of the stated price of an imported product |
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| Tariff levied as a specific fee for each unit (measured by number weight) of an imported product |
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| Tariff levied on a imported product and calculated party as a percentage of its stated price and partly as a specific fee for each unit |
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| Restriction on the amount (measured in units or weight) of a good that can enter or leave a country during a certain period of time |
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| Voluntary export restraint (VER) |
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| Unique version of export quota that a nation imposes on its exports, usually at the request of an importing nation |
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Definition
| Lower tariff rate for certain quantity of imports and a higher rate for quantities that exceed the quota |
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| Complete ban on trade (imports and exports) in one or more products with a particular country |
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| Regulatory controls or bureaucratic rules designed to impair the flow of imports into a country |
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| Restrictions on the convertibility of a currency into other currencies |
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| Normal trade relations (formerly "most favored nation status") |
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Definition
| Requirement that WTO members extend the same favorable terms of trade to all members that they extend to any single member |
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| Exporting a product at price either lower than the price that the product normally commands in its domestic market or lower than the cost of production |
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Definition
| Additional tariff placed on an imported product that a nation believes is being dumped on its market |
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Term
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Definition
| Additional tariff placed on an imported product that nation believes is receiving an unfair subsidy |
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