Tariffs and Customs Terms C.1.33

Question 1

an industry association representing subsidized U.S. flag steamship firms.

Answer 1

Committee of American Steamship Lines

Question 2

created by the General Council of the World Trade Organization to provide a forum for discussing the implications of regional trade arrangements to multilateral Trade.

Answer 2

Committee on Regional Trade Agreements

Question 3

established in 1965 to devise means by which the General Agreement on Tariffs and Trade can aid less developed countries.

Answer 3

Committee on trade and Development

Question 4

an article or merchandise offered for sale.

Answer 4

commodity

Question 5

a freight rate classified by commodity and quoted by container

Answer 5

commodity box rate

Question 6

a document issued by a government commodity office attesting to the quality of an export article, in accordance with certain standards.

Answer 6

commodity clearance

Question 7

a code used in the Harmonized System or the Philippine Standard Commodity Classification to classify goods traded worldwide.

Answer 7

commodity code

Question 8

programs which finance American exports to countries that receive loans from the U.S. Agency for International Development.

Answer 8

Commodity Import Programs

Question 9

a description number that indicates the applicable air freight rate

Answer 9

commodity item number

Question 10

a system that manages agricultural trade within the European community, and with the rest of the world.

Answer 10

Common Agricultural Policy

Question 11

a warehouse licensed by Customs, and by the Philippine Garments and Textiles Export Board in case of garments and textiles, to import, receive, and store raw materials and accessories, either for its own or for the account of its members, without paying duties and taxes, provided these materials are later made into export products.

Answer 11

common bonded manufacturing warehouse

Question 12

a bond filed by a common carrier with an appropriate government agency, before business operations may be commenced.

Answer 12

common carrier bond

Question 13

corporations, firms or associations engaged in the business of transporting passengers or goods, by land, rail, water, or air, by virtue of a certificate of public convenience and necessity.

Answer 13

common carriers persons

Question 14

the common external tariff imposed among European Union countries.

Answer 14

Common Customs Tariff [of the European Community]

Question 15

the implementing mechanism for AFTA, the CEPT allows for substantial tariff reduction in certain commodities. However, each country may exclude certain products, like unprocessed agricultural products, generally excepted goods due to health and security reasons, and temporary exclusions for sensitive products subject to review.

Answer 15

Common Effective Preferential tariff (Scheme) for the ASEAN Free Trade Area

Question 16

a uniform tariff adopted by a Customs Union (e.g. European Community), and assessed on goods imported from outside the union.

Answer 16

Common External Tariff

Question 17

a market characterized by a common external tariff, and may allow labor mobility and uniform economic policies. The European Community is a notable example.

Answer 17

Common Market

Question 18

an agreement involving South Africa, Lesotho, and Swaziland, under which they apply uniform exchange control regulations to ensure regional monetary order.

Answer 18

Common Monetary Agreement

Question 19

a freight rate imposed on a commodity, and computed based on its origin and destination.

Answer 19

common rate

Question 20

established in. December 1991, it is an association of former Soviet Union republics: Russia, Ukraine, Moldova, Armenia, Azerbaijan, Uzbekistan, Turkmenistan, Tajikistan, Kazakhstan, Kyrgyzstan, Lithuania, Estonia, Latvia, and Georgia

Answer 20

Commonwealth of Independent States

Question 21

a regional trade arrangement among Benin, Burkina Faso, Cote d’Ivoire, Mali, Mauritania, Niger, and Senegal, signed in 1973.

Answer 21

Communaute Economique, de l’Afrique de l’Ouest or West African Economic Community

Question 22

created by the Customs and Economic Union of Central Africa to promote regional economic cooperation, eliminate trade restrictions, and establish a Central African common market among Burundi, Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea, Gabon, Rwanda, Sao Tome and Principe, and Zaire.

Answer 22

Communuate Economique des Etats de l’Afrique Centale (Economic Community of Central African States)

Question 23

a regional trade arrangement among Burundi, Rwanda, and Zaire, signed in 1976.

Answer 23

Communaute Economique des Pays des Grands Lacs (Economic Community of the Great Lakes Countries)

Question 24

a mark stamped on products, their packaging, or paper wrapping, to indicate that they have passed certain tests or quality audit, or conform with standards practiced within the European Community. It does not, however, endorse the quality or durability of á product.

Answer 24

Communuate Europeen

Question 25

the means of electronic linkage of computers to exchange information through electronic data interchange.

Answer 25

communications