Common System Of Tariff Preferences Of The Eurasian Economic Union
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Common System Of Tariff Preferences Of The Eurasian Economic Union
The Common Customs Tariff of the Eurasian Economic Union is customs duty rates imposed by the Eurasian Economic Commission (EEC), a supranational body of the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia). In addition to a common external tariff, the elements of customs tariff regulation are a common customs nomenclature and common rules for determining the country of origin. History The Common Customs Tariff of the Eurasian Economic Community went into force in 2010. This success was at least partly attributable to the economic crisis, which encouraged the three countries to accelerate their integration efforts. In 2011, the EurAsEC Customs Union was already working at full capacity, with economic agents operating within a common customs territory and using the Common Customs Tariff. On 19 May 2011 Russia, Belarus and Kazakhstan signed a Treaty on the Functioning of the Customs Union within the framework of the Multilateral Trade System. All W ...
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Customs Duty
A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to supporters, would stimulate their country's eco ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ...
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Bolivia
Bolivia, officially the Plurinational State of Bolivia, is a landlocked country located in central South America. The country features diverse geography, including vast Amazonian plains, tropical lowlands, mountains, the Gran Chaco Province, warm valleys, high-altitude Andean plateaus, and snow-capped peaks, encompassing a wide range of climates and biomes across its regions and cities. It includes part of the Pantanal, the largest tropical wetland in the world, along its eastern border. It is bordered by Brazil to the Bolivia-Brazil border, north and east, Paraguay to the southeast, Argentina to the Argentina-Bolivia border, south, Chile to the Bolivia–Chile border, southwest, and Peru to the west. The seat of government is La Paz, which contains the executive, legislative, and electoral branches of government, while the constitutional capital is Sucre, the seat of the judiciary. The largest city and principal industrial center is Santa Cruz de la Sierra, located on the Geog ...
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Algeria
Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. It is bordered to Algeria–Tunisia border, the northeast by Tunisia; to Algeria–Libya border, the east by Libya; to Algeria–Niger border, the southeast by Niger; to Algeria–Western Sahara border, the southwest by Mali, Mauritania, and Western Sahara; to Algeria–Morocco border, the west by Morocco; and to the north by the Mediterranean Sea. The capital and List of cities in Algeria, largest city is Algiers, located in the far north on the Mediterranean coast. Inhabited since prehistory, Algeria has been at the crossroads of numerous cultures and civilisations, including the Phoenicians, Numidians, Ancient Rome, Romans, Vandals, and Byzantine Greeks. Its modern identity is rooted in centuries of Arab migrations to the Maghreb, Arab Muslim migration waves since Muslim conquest of the Maghreb, the seventh century and the subsequent Arabization, Arabisation ...
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Least-developed Countries
The least developed countries (LDCs) are developing countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development. The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) on 18 November 1971. A country is classified among the Least Developed Countries if it meets three criteria:UN-OHRLLS . * Poverty – adjustable criterion based on Gross national income (GNI) per capita averaged over three years. , a country must have GNI per capita less than US$1,025 to be included on the list, and over $1,230 to graduate from it. * Human resource weakness (based on indicators of nutrition, health, education and adult literacy). * Economic vulnerability (based on instability of agricultural production, instability of exports of goods and services, economic importance of non-traditional activities, merchandise export concentration, handicap of economic smallness, and the percentage o ...
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