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Published in:
1998 | OriginalPaper | Chapter
Tariffs
Author : Brian McDonald
Published in: The World Trading System
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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GATT’s primary focus in the early years was on the reduction of tariffs, as tariffs were probably the most common or at least the most visible form of protection in use. A tariff is an import tax that is levied at the border. Unlike many other types of protection, tariffs have the advantage of providing revenue as well as protection. Indeed in many developing countries it is one of the few secure sources of tax revenue.