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common external tariff

Owned by Dennis Daggett (Deactivated)
2018-02-16

A tariff rate applied by a regional grouping of countries as a unit. For example, the European Community allows free trade in most agricultural commodities among member countries, but applies common external tariffs against many farm products imported from non-member or "third" countries.

Authorization Path: 2.5.7.2.27.0

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