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Variable import levy

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This is an old revision of this page, as edited by Shyamsunder (talk | contribs) at 10:19, 12 February 2017 (added Category:Import using HotCat). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

A variable import levy is a levy on imports that raises their price to a level at least as high as the domestic price. Such levies are adjusted frequently (hence variable) in response to changes in world market prices, and are imposed to defend administered prices set above world market prices. Under the Uruguay Round Agreement on Agriculture, the variable levies of the EU have been converted into fixed tariffs or tariff-rate quotas.

References

  • Public Domain This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.
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