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Jamaica Gleaner - Common External Tariff and the incentives regime - Sunday | April 3, 2005 (629 words) |
 | The net result is that the existing tariff structure is highly variable and complex, and therefore lends itself well to the machinations of those who would seek to subvert the system to their advantage. |
| The implication of all of this is that were we to reform the tariff regime such that there was a uniform tax rate of five per cent, with no exceptions of any sort, we would collect approximately the same amount of revenue as we do today. |
| Thirdly, we subjected the tariff regime to the same experiment that was conducted in respect of GCT by modelling an increase equivalent to one per cent of GDP in revenues from this source, firstly via the existing rate structure, and then via a uniform rate structure. |
| ECONOMIC REPORT 1er.Q.1995-Foreign trade and the balance of payments-Trade Policy Measures (1764 words) |
| A customs union requires the elimination of import tariffs (and non-tariff barriers) for trade among the member countries and the adoption of a common external tariff on imports of goods from the rest of the world. |
| In the new MCN a common external tariff was established for imports from non-Mercosur countries. |
| In most cases the initial tariffs are lower (zero, 2%, 6%, 8%, 12%) than the common external tariff on which they converge; the initial tariff is higher than the common external tariff only in some cases (18%, 25%, 30%). |
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