Tariff Rates

Tariff Rates

Column 2 Rates and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Column 2 Rates: US tariff rates assessed on imports from countries not receiving most- favored-nationtreatment. Most Column 2 rates date from the Smoot-Hawley Act of 1930 (Sec. IV) and are substantially higher than Column 1 rates.

Column 1 Rates and the GATT Policy Negotiations

In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Column 1 Rates: US tariff rates which have been established through international negotiation and approved by Congress. Column I rates are applied on a most favored- nation basis and are usually subject to binding in GA TT .


Posted

in

, ,

by

Tags: