POL 3 Lecture Notes - Lecture 13: World Customs Organization, World Trade Organization, General Agreement On Tariffs And Trade
Document Summary
Obligations of members (1) bound tariffs (1) maximum ceiling for import tariffs on each category of imported goods. Must publish list of all tariff rates (called the schedule ) Five things to note: (1) these rates are assigned to categories of goods (2) all goods in same category must have same tariff (and treatment) Categories defined by the world customs organization. Importance of defining categories e. g. , shrimp turtles case (3) different categories can have different tariffs. E. g. , brass v. non-brass chandeliers (4) tariff rates don"t have to be 0 (5) different states can have different rates on the same category of goods. Mfn requires countries not to discriminate between their trading partners. Any tariff you give to any wto member must be tariff for all wto members. Equality has to be maintained in practice not just in writing. Special exemption: regional trade arrangements: solution: article xxiv.
