Word: tariff
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Dates: during 2000-2009
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That will depend on the resolution of the import-tariff dispute with the Indian government. In July an E.U. panel found the additional duty on imported wines and spirits a "blatant violation" of World Trade Organization (WTO) rules, and with the U.S. also complaining, the WTO has launched its own investigation. A ruling may be more than a year away, but things may move more quickly now that Mallya too is an importer. The self-styled "King of Good Times" is a Member of Parliament as well...
...movies, in their content and their conduits to the audience. Yet Valenti, as the industry's chief lobbyist (his employers were the six major studios), made sure that business proceeded as usual, without federal interference or oversight. He politicked hard and heartily with his old Washington friends for favorable tariff rulings, and in the process maintained Hollywood's status as one of the few national cinemas not subject to government censorship. (It's also one of the few to receive no direct government subsidies for film production, so I guess that's a fair swap...
...TRADE 40% Tariff on U.S. beef that South Korea will phase out over the next 15 years, part of a landmark free-trade agreement reached April 2 between Washington and Seoul that will eliminate tariffs on most types of goods traded between the two countries 400% Premium above global market prices that South Koreans will continue to pay for rice, due to tariffs and subsidies protecting Korean rice farmers that Seoul refused to eliminate as part of the trade deal
Until the big war, that is, World War I, which triggered 70 years of deglobalization - tariff walls, capital controls and autarky. Politics produces those exogenous factors economists always invoke to hedge their optimistic bets. Which is why we can't count on the decoupling effect forever...
...factory] opening ceremony because I didn't want to be embarrassed when they said that I brought [Coca-Cola] to Afghanistan," says Kazimi, who claims his successors in the commerce department disregarded his commitments. "We promised them electricity, we promised them security. We offered tax holidays and tariff reductions. It didn't happen. How can anyone operate under these conditions...