zerotariff
Zerotariff, also known as zero-tariff or zero-rated tariff, refers to a trade policy where goods are imported or exported without any tariffs or duties. This policy is designed to promote free trade and economic growth by reducing barriers to international commerce. Zerotariff arrangements are typically established through bilateral or multilateral agreements between countries.
One of the primary benefits of zerotariff is the elimination of tariffs, which can significantly lower the
However, zerotariff also has its challenges. It can lead to increased competition for domestic industries, potentially
Zerotariff is often used as a tool in trade negotiations and agreements. For example, the World Trade
In summary, zerotariff is a trade policy aimed at promoting free trade by eliminating tariffs. It offers