When no tariffs are imposed on exports and imports, it is called:

Related MCQs

• The General Agreement on Tariffs and Trade trade rounds concentrated on reducing tariffs. Which round was the first major attempt to tackle trade barriers and to improve the system? This eighth round is called:
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• The difference in the value of visible exports and visible imports is called :
• The lowering of the value of a currency in the international market or against specific other currencies, which makes exports cheaper and imports expensive is called:
• An early modern European economic theory that trade generates wealth of bullion which a government should encourage by promoting exports and restricting imports is called:
• The difference between visible exports and visible imports is defined as -
• Difference between a countrys exports and imports is:
• When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves – that is called:
• The General Agreement on Tariffs and Trade (GATT) is the predecessor of World Trade Organization. It entered into force in.
• In 1947 how many states did take part in the General Agreement on Tariffs and Trade trade round in Geneva?