Commercial Policy Commercial policy refers to any governmental measure that discriminates against foreign suppliers.

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Presentation transcript:

Commercial Policy Commercial policy refers to any governmental measure that discriminates against foreign suppliers

Arguments for Commercial Policy To Protect Domestic Industries; To Save Jobs; National Security and Defense; To Protect an Infant Industry; To Raise Revenue for Government; Others

Tariffs A Tariff is a tax levied on imports. Tariffs can be Ad Valorem or Specific. The Ad Valorem tariff is expressed as a fixed percentage of the value of the traded commodity. The Specific tariff is expressed as a fixed sum per physical unit of the traded good.