May 2021
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... The customs tariff is considered a vital part of this policy, and one tool in developing the scales of payments and foreign currency balances. Many of the "Third world" countries depend on customs tariffs in promoting government incomes [1]. The customs tariff policy is normally connected to the idea of the substitution of imports, where local industries are substituted with foreign ones by rising customs tariffs, especially on ready-made goods. ...
May 2021