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Tariff is a tax on imports and exports on a business. Theoretically when tariff rates are lowered businesses will strive to import and export more. But there are also other factors that may affect the confidence of a company to import or export for example the situation the country may be in e.g. war, nuclear crisis and more importantly exchange rates of a country from a country.
Wiki User
∙ 11y ago
Wiki User
∙ 9y ago- Because it is cheaper, and trade increases.
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Improvementation of trade and commerce of India in New Economic Policy?
There has been an improvement in trade and commerce of India due to the New Economic Policy but large trade tariffs are slowing the process.
How did india affect other countries through asia-?
India developed trade with China and opened up their economies to the world.
What part did tariffs play in European expansion in the late 1800's?
Tariffs reduced trade between industrialized countries in the late 1800s. European companies had to find different markets overseas for their goods.
Which is the oldest trade union in India?
All india trade union congress in 1920
Who gave permission to East India company to trade in India?
jahageer
Improvementation of trade and commerce of India in New Economic Policy?
There has been an improvement in trade and commerce of India due to the New Economic Policy but large trade tariffs are slowing the process.
What affect does fair trade have on retailers?
pay no tariffs om goods brought into U.S.
What political party typically favored lower tariffs?
The modern Republican party would generally favor lowering tariffs, encouraging open trade among countries. High tariffs are seen by Democrats as a way to protect domestic jobs.
What was the purpose of the general agreement on tariffs and trade?
to expand world trade by reducing tariffs
Does the policy of New Economic Policy help in the improvement of trade and commerce of India?
The policy of New Economic Policy in India does help to improve trade and commerce but the large tariffs for incoming goods are slowing improvement.
Does the policy of New Economic Policy help in the improvement of trade and commerce of India-?
The policy of New Economic policy does help in the improvement of trade and commerce of India but the tariffs seem to be slowing the influx of new products.
In 1994 what body replaced the General Agreement on Tariffs and Trade?
The General Agreement on Tariffs and Trade was succeeded by the World Trade Organization.
Why did the southerners oppose the tariffs?
the tariffs did not benfit trade in southern cities.
In what way did the delhi sultanate affect India?
it created trade and it increased.
What is an example of trade restriction?
Tariffs and embargos are trade restrictions.
Why did the north and south have different attitudes toward height tariffs?
Tariffs dealt with their trade.
Are tariffs paid on international trade only?
no
