Common External Tariff
Key Facts
Abbreviation
CET
Pronunciation
/ˈkɑmən ɪkˈstərnəl ˈtɛrəf/
Category
Business
Related Field
International Business
Examples in Context
- Its distinguishing feature, a common external tariff, began to affect American products.
- But a common external tariff exists for non-EEC countries.
- In a customs union, internal tariffs are eliminated and the member countries form a single customs territory with a common external tariff.
- The report notes that there was a decrease in tariff protection following the implementation, in2003, of the common external tariff of the Gulf Cooperation Council ( GCC ) of which Bahrain is a member.
- Common external tariff, rules of origin, and competition rules are tools employed by customs union to protect its internal interests. Meanwhile, multilateral disciplines restrict the protection in case to derogate the multilateral rules.
Other meanings of CET
Central European Time
Business
College English Test
Academic
Continuing Education and Training
Community
Computer Engineering Technology
Academic
Central European Television
Community
Certified Electronics Technician
Academic
Certified Engineering Technologist
Business
Center for Educational Technology
Academic
Computer Electronic Technologies
Academic
Certified Elevator Technician
Business