Export Duty

Export Duty

Summary of Export Duty

A tax imposed on exports. This mechanism serves as a source of government revenue and is imposed by some countries on a limited number of products. Export duties are expressly forbidden by the U.S. Constitution.

(Main Author: William J. Miller)

Export Duty and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Export Duty: A tax imposed on exports. Although export duties are sometimes a convenient source of revenue, in some circumstances they can discourage exports and place producers at a competitive disadvantage in world markets. The United States is constitutionally proscribed from imposing export duties; resource-exporting countries such as Canada, Australia, and many LDCs tend to favor them. See also export restrictions.

Export Duty in International Trade

Meaning of Export Duty, according to the Dictionary of International Trade (Global Negotiator): A tax imposed on exports of some nations. See duty; tariff.



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