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Levy
The USDA defines levy as an import charge assessed by a country or group of countries not in accordance with a definite tariff schedule. The "variable import levy" of the European Community was an example. The EC�s levy on grains varied from day to day, depending on the offering price of third-country suppliers. In USDA�s view the variable import levy is a nontariff trade barrier because, unlike a moderate customs duty or even a quota, it can completely bar imports. The Uruguay Round Agreement on Agriculture resulted in the replacement of variable levies by fixed tariffs. Selected Levy links: |
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