Word: nontariff
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...Mexico, around 5% in Canada and less than 4% in the U.S. (though duties on products like cocoa, for example, go as high as 20% in Mexico; in Canada tequila is slapped with a 183% duty). More important will be the steps that NAFTA takes to diminish nontariff barriers, such as dairy and cotton quotas in the U.S. and Canada, and various import licenses in Mexico. By rapidly widening the consumer market, the pact aims to spur capital investment across all three jurisdictions. This would be a striking change for Mexico, which has long banned outside ownership of strategic sectors...
Bilbeisi's smuggling scheme, undetected by U.S. authorities, began with bribes to coffee growers in Guatemala, Honduras and El Salvador to obtain beans not subject to tariff agreements. The coffee, available at bargain rates, was ostensibly for domestic consumption or export to nontariff nations. To move the contraband through Central America, Bilbeisi's agents, financed by B.C.C.I. letters of credit, paid bribes to truckers, checkpoint officials and port officials. The coffee was marked for delivery to Jordan or Syria but was routed through Miami or New Orleans, where it was secretly off-loaded. Former U.S. shipping agents who testified before...
...staged seven epic rounds of trade talks, the most recent one dragging on from 1973 to 1979. The negotiations brought substantial reductions in tariffs, but GATT members thought it was time for another round. Reason: too many countries have circumvented the group's rules by raising a thicket of nontariff barriers, including import quotas, product standards and other obstacles to free trade. Said Leopoldo Tettamanti, the Argentine delegate to GATT: "We are in a mess...
...liberalization is not good," but added, "The surprise is that it is not worse." He noted that the volume of world trade is expected to grow at least 4% to 5% this year. That is a mild increase over 1985, but only half the 1984 rate. Brittan singled out nontariff barriers to trade, like voluntary quotas, as particular villains in that sluggishness...
Since coming to power last November, Prime Minister Yasuhiro Nakasone has improved the diplomatic climate substantially. Before his first state visit to Washington in January, his government pointedly announced several tariff cuts and the easing of nontariff barriers. Nakasone also expressed a willingness to bolster Japan's defense role in the Pacific...