Common External Tariff

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
CET
Pronunciation
/ˈkɑmən ɪkˈstərnəl ˈtɛrəf/
Category
Business
Related Field
International Business

Examples in Context

  1. Its distinguishing feature, a common external tariff, began to affect American products.
  2. But a common external tariff exists for non-EEC countries.
  3. In a customs union, internal tariffs are eliminated and the member countries form a single customs territory with a common external tariff.
  4. 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.
  5. 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