1. Links between Tariffs, Statistics and Trade
Tariffs play two important roles for Governments:
Revenue policy – to generate revenue for public services
Trade Policy - an instrument of trade policy (eg. to protect domestic production/industry from foreign competition)
Trade Statistics – rely on reliable sources
important for trade policy development and trade negotiations
Goods – rely on Customs data
Services – rely on Central banks etc
Trade Agreements – regional (RTAs) or multilateral (WTO)
aim to liberalise trade i.e to lower or eliminate trade barriers
trade barriers can be tariffs or non-tariffs (quarantine procedures)