1. Tariffs
Unit 25

2. Vocabulary 1 Legislature-law Explicitly-clearly Prohibit-forbid
Free trade
Maximize- increase-
Welfare-goodness, good
Impose sth.-levy, inflict
Restrictions- limitations, barriers
Flow
Duty
Levy-impose
Commodity-goods
Cross-preći
Legislature-law
Explicitly-clearly
Prohibit-forbid
Altogether
Developing nations
Apply sth.- put into service
Raise-raised-raised= increase
Revenue-income, earnings
Stem from sth.- originate from sth.

3. Vocabulary 2 Mainly-mostly Rely on sth Heavily-extremely, excessively-
Income taxes-porez na dobit, na dohodak
Ad valorem tax- vrednosna, ad valorem porez
Specific-particular
Fixed-unchangeable
Unit-
Decline-decrease
Agricultural
Impossible
Mention
Establish- set up, base
Immediate-momentous
Aftermath- outcome,result
Agreement-arrangement, contract, deal
Mandate (n.)- authorization
Oversee-supervise
Liberalize- make sth. free
BY way OF- by means of

4. Vocabulary 3 Negotiate Barrier-obstacle Protection
Preference for sth. – liking, orientation
As low as possible
Provide-supply, enable
Negotiation round
Bind oneself TO sth.
IN exchange FOR sth-
Equivalent-suitable
Advantage
WITH regard TO- with reference to – u pogledu…
Refine-sophisticate, develop
OVER time- during the time
Expansion-enlargement
Succession-a sequence, a series
Substantial-significant
Include-involve, engage
Coverage
Intellectual property right – pravo na intelektualnu svojinu

5. Vocabulary 4 It took us seven years to do …
Materialize-happen, occur, come about
Several-some
Notable- prominent, remarkable, famous
Set up-establish
Introduce
IN general
Customs union- carinska unija
Resort TO sth.
Select (adj.)
Degree-level- stepen
Range FROM… TO…
Trade arrangement- agreement
Preferential trade arrangement- preferencijalni trgovinski sporazum
Common market
Free trade area
Participate-take part in
Retain-keep-

6. Vocabulary 5 Allow-let In addition-moreover Harmonize- accord
The rest OF sth.
Example-instance
Go beyond sth.
Movement
Labour-work
Achieve- attain
Go further
Unify-unite
Monetary and fiscal policy