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TeachMeFinance.com - explain Import fee Import fee The term 'Import fee ' as it applies to the area of agriculture can be defined as ' Generally, an import fee is a charge assessed for a service rendered. For example, when an import stamp or import license is issued, the government assesses a fee for this service. Within the context of Section 22 of the Agricultural Adjustment Act of 1935, 'fees' were imposed on imports of agricultural products when deemed necessary to protect domestic farm programs. Then, under the North American Free Trade Agreement (starting in 1994) and the Uruguay Round Agreement on Agriculture (starting in 1995), Section 22 import fees and quotas were converted into tariff-rate quotas'. Previous 5 Terms: Implementation Specification implicit implicit formula Implicit price deflator Import Next 5 Terms: Import license Import quota Imported crude oil burned as fuel Imported Refiners' Acquisition Cost (IRAC) Imports About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.