Tariffs and Customs Terms N.1.89

Question 1

a term coined by the Organization for Economic Cooperation and Development, it refers to developing countries, like Brazil, South Korea, Mexico, Singapore, Taiwan, which have reached a relatively advanced stage of economic growth.

Answer 1

Newly Industrialized/ing Countries

Question 2

safeguards such as imposition of higher tariffs, tariff quotas, or quantitative restrictions, which are in effect for four years, and extendible to eight years. They must, however, be progressively lifted during the latter period.

Answer 2

new safeguards

Question 3

as defined by the U.S. Department of Commerce, it indicates that a company has not exported during the past two years, or prior exports were due to unsolicited orders.

Answer 3

New to-export

Question 4

a term shown in a manifest which indicates that the ship has no cargo.

Answer 4

nil cargo

Question 5

NIMEXE a product classification system (nomenclature) used for trade statistics in the European Community.

Answer 5

NIMEXE

Question 6

a product classification system (nomenclature) used in European Community. It is expanded version of the Brussels Tariff Nomenclature.

Answer 6

NIMEXE Code

Question 7

major ship classification society of Japan.

Answer 7

Nippon Kaiji

Question 8

a phrase that means an article (eg sample, scrap, reject, small parcel, etc.) has no market value and is tax- and duty-free.

Answer 8

no commercial value

Question 9

importations that do not involve any immediate or potential remittance of foreign exchange from a banking institution.

Answer 9

no dollar importations

Question 9

a part in the flow of goods where they come to rest, eg. plants, warehouses, supply sources, markets.

Answer 9

node

Question 10

a situation wherein an article has no storage slot in a warehouse.

Answer 10

no location

Question 11

a revolving letter of credit that prohibits use of an unutilized amount for later periods.

Answer 11

non-cumulative revolving credit

Question 11

a system of naming internationally traded commodities.

Answer 11

nomenclature

Question 12

also known as green subsidy, it is a subsidy that cannot be subjected to a countervailing duty.

Answer 12

non-actionable subsidy

Question 12

a common carrier that engages in transport business even without prior government permit.

Answer 12

non-certificated carrier

Question 13

imported luxury articles.

Answer 13

non-essential consumer goods

Question 13

consignments that are not business, inter-office and personal in character.

Answer 13

non-documents consignment

Question 14

the period of 30 days counted from the failure of the importer or broker to file an entry. Henceforth, all imported articles covered by an entry are deemed abandoned in favor of the government.

Answer 14

non-extendible period

Question 15

an airline company that is not a member of the International Air Transport Association (IATA), but may still operate as an interline partner under lATA term

Answer 15

non-IATA member

Question 16

transactions like shipment of goods by consignment, branch office transfers, lease or loan of goods, countertrade, donations, shipment of promotion samples.

Answer 16

no sale situations

Question 16

a centrally-planned and State-controlled economy (e.g. China or Cuba)

Answer 16

non-market economy

Question 17

an exporter or producer who has not been initially chosen as among the selected exporters or producers of an article under an anti-dumping investigation

Answer 17

Non-selected exporter or producer

Question 17

a situation wherein ordered goods have not been shipped at the port of destinations

Answer 17

non-shipment

Question 18

forms of trade barriers, like qualitative restrictions or quota system, charge, strict government regulations, domestic support programs, discriminatory labelling and health standards, exclusiove business practices. Similar to non-tariff measures, these do not include imposition of Customs duties. non-tariff measures

Answer 18

non-tariff barriers

Question 19

measures such as imposition of import quotas or quantitative restrictions, non-automatic importr selling, Customs surcharges, fees and charges, strict customs procedures, export subsidies, unreasonable standards, Government procurement, restrictions, inadequate intellectual property protection, and investment restrictions. Similar to non-tariff barriers, these do not include imposition of Customs duties.

Answer 19

Non-tariff measures