TeachMeFinance.com - explain Common external tariff (CXT)
Common external tariff (CXT) The term 'Common external tariff (CXT) ' as it applies to the area of agriculture can be defined as ' A tariff rate applied by a regional grouping of countries as a unit. For example, the European Community allows free trade in most agricultural commodities among member countries, but applies common external tariffs against many farm products imported from non-member or 'third' countries'.
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