What is discriminatory tariff policy?

What is discriminatory tariff policy?

​​​​​Discriminatory tariff policy refers to the policy that imposed the heavy tarrifs on India exports of handicrafts products,while allowing free exports of India’s raw materials to Britain and free imports of British products into India.

What is discriminatory tariff policy what were its consequences?

Under discriminatory tariff policy, there was no duty on the export of goods from India and import of British finished goods to India. But heavy duty was placed on the export of handicrafts. So Indian handicrafts stalled looking both domestic and export market. It led to the decay of Indian handicrafts.

What do you mean by tariff policy?

A tariff is a tax imposed by a government on goods and services imported from other countries that serves to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services. The government’s hope is that the added cost will make imported goods much less desirable.

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What was the discriminatory tariff policy under British rule in India?

Answer: During the colonial rule, the British followed a discriminatory tariff policy under winch they imposed heavy tariffs (export duties) on India’s export of handicraft products while allowing free export of India’s raw material to Britain and free import of British products to India.

How did discriminatory trade policy?

Since the prices of the Indian goods were higher the foreign people’s demand over our products drastically fell down . Due to this policy the inland manufacturers not only lost the demand in the international market but al in the local market, since machine made goods are much cheaper.

Why did the British introduced the discriminatory tariff policy?

1. Neglect of Indian Handicraft Industries: The British followed a discriminatory tariff policy under which they imposed heavy tariffs (export duties) on India’s export of handicraft products while allowed free export of India’s raw material to Britain and free import of British products to India.

Why did the British introduced the discriminatory tariff policy discuss?

Britishers followed discriminatory tariff policy. It allowed free export of raw materials from India and free import of British final goods to India, but placed heavy duty on the export of Indian handicrafts. In this way, Indian markets were full of manufactured goods from Britain which were low priced.

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What is tariff policy in India?

NEW DELHI: In what will reinforce India’s green energy credentials, the union government is working on a ‘green tariff’ policy that will help electricity distribution companies (discoms) supply electricity generated from clean energy projects at a cheaper rate as compared to power from conventional fuel sources such as …

What is a tariff example?

What is an example of a tariff? An example of a tariff could be a tariff on steel. This means that any steel imported from another country would incur a tariff—for example, 5\% of the value of the imported goods—paid by the individual or business importing the goods.

What is meant by trade policy?

Trade policy refers to the regulations and agreements that control imports and exports to foreign countries. Learn more about trade agreements including NAFTA, CAFTA, and the Middle Eastern Trade Initiative, as well as regulations, farm subsidies, and tariffs.

What is trade policies in India?

India’s Foreign Trade Policy aims to (1) increase the country’s share of global trade from the current 2.1 percent to 3.5 percent and (2) double its exports to $900 billion by 2020.

What is tariff in international business?

tariff, also called customs duty, tax levied upon goods as they cross national boundaries, usually by the government of the importing country. The words tariff, duty, and customs can be used interchangeably.

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What is an example of a discriminatory tariff?

A discriminatory tariff imposes a different duty on a commodity imported from a trading partner than it does on on the same commodity from other partners. For example, if the U.S. were to impose a higher tariff on Chinese steel than on steel from other countries that export steel to the U.S. the tariff would be discriminatory.

What is meant by the term Tariff policy?

the sphere of foreign-trade policy that regulates the volume, structure, and terms of the export and import of goods. In capitalist states in the 17th and 18th centuries, tariff policy, reflecting the interests of the commercial bourgeoisie, sought to ensure an active balance of trade.

How do governments use tariffs to benefit industries?

Governments that use tariffs to benefit particular industries often do so to protect companies and jobs. Tariffs can also be used as an extension of foreign policy: Imposing tariffs on a trading partner’s main exports is a way to exert economic leverage.

What is the difference between general and international tariffs?

The general and international tariff rates can be considered equivalent to the maximum and minimum tariff rates discussed above. The preferential tariff is generally applied by a subject country to the products originating from the colonial countries.