TARIFF LAWS/ 5 AND 7

THESE ARE TAXES LEVIED ON GOODS ENTERING OR EXITING A COUNTRY

A KIND OF TARIFF THAT PROTECT DOMESTIC PRODUCERS

A KIND OF TARIFFS THAT RAISE REVENUE FOR THE GOVERNMENT

TYPE OF TARIFFS THAT LEVY A FIXED DUTY ON A GOOD

THESE ARE LEGAL INSTRUMENTS THAT FORM AN INTEGRAL PART OF THE

GATT AND WTO AGREEMENT

A TYPE OF TARIFFS THAT ARE BASED ON A PERCENTAGE OF THE GOODS VALUE

A COMBINATION OF AD VALOREM AND SPECIFIC TARIFFS

THE MAXIMUM TARIFFS THAT CAN BE APPLIED BY A MEMBER FOR A

PARTICULAR PRODUCT, AS WELL AS OTHER TARIFF AND NON-TARIFF CONCESSIONS

ONE OF THE MAIN WTO TOOLS TO ENSURE TRANSPARENCY, SECURITY AND

PREDICTABILITY FOR WORLD TRADE

REFERS TO A MAXIMUM LIMITS ON TARIFFS ON PRODUCTS COMMITTED BY

THE PHILIPPINES TO THE WTO UNDER THE URUGUAY ROUND