tariff elimination

[/ˈtærɪf ɪˌlɪmɪˈneɪʃən/]
nounpl: tariff eliminations
eliminação de tarifas
1. The process of removing or abolishing import/export duties and taxes on goods in trade agreements
The free trade agreement included tariff elimination on agricultural products over a ten-year period.
O acordo de livre comércio incluiu a eliminação de tarifas sobre produtos agrícolas em um período de dez anos.
2. A reduction schedule that phases out customs duties between trading partners
Tariff elimination is a key component of negotiations between MERCOSUR members.
A eliminação de tarifas é um componente-chave das negociações entre os membros do MERCOSUL.
This term is central to international trade policy discussions in both Brazil and the USA. In Brazil, tariff elimination is particularly significant in MERCOSUL negotiations and bilateral trade agreements. In the USA, it has been a key point of contention in recent trade negotiations and policy debates. The concept reflects the tension between free trade advocates and protectionist interests in both nations.
Synonyms / Sinônimos
tariff reductionduty eliminationcustoms eliminationtariff removal
Antonyms / Antônimos
tariff impositiontariff increaseprotectionismtariff protection

Regional Variations

General Brazilian
eliminação de tarifas
Standard term used in trade policy and commerce discussions
São Paulo
eliminação de tarifas / remoção de alíquotas
Common in business and commercial contexts
Portugal
eliminação de direitos aduaneiros / supressão de tarifas
More formal terminology used in European trade contexts
General USA
tariff elimination
Common in trade policy, government, and international commerce

Related Words

trade agreementcustoms dutiesfree tradeimport dutiesexport taxestrade liberalization

Related Idioms & Phrases

phase in tariff elimination
negotiate tariff elimination
tariff elimination schedule
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