TARIFF CONCESSIONS
Explaining the principles on which customs tariffs are constructed “The Times” Trade Supplement says that usually there are maximum and minimum rates of duty. The maximum (or general) tariff applies only to the goods of countries that are not entitled to most-favoured-nation treatment ; to those that are entitled to it the minimum tariff applies. The most-favoured-nation principle is, of course, the keystone of the system on which international trade is conducted. Briefly, it is customary in drafting commercial treaties to introduce a clause providing that each of the two contracting parties shall grant as favourable treatment to the other as it does to any other nation. That means in practice that if, as the result of negotiation, a concession is made tp a particular Government it forthwith applies to all countries enjoying most-favoured-nation treatment, and it follows that no civilised Government can afford, to lose the benefit of most-favoured-nation treatment by making exceptional terms with orVe country.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19300402.2.83
Bibliographic details
Nelson Evening Mail, Volume LXIV, 2 April 1930, Page 6
Word Count
159TARIFF CONCESSIONS Nelson Evening Mail, Volume LXIV, 2 April 1930, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in