Tariffs in the context of "Duty (tax)"

A free trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand business opportunities. Multilateral trade agreements are agreements among three or more countries, and are the most difficult to negotiate and agree.

FTAs, a form of trade pacts, determine the tariffs and duties that countries impose on imports and exports with the goal of reducing or eliminating trade barriers, thus encouraging international trade. Such agreements usually "center on a chapter providing for preferential tariff treatment", but they also often "include clauses on trade facilitation and rule-making in areas such as investment, intellectual property, government procurement, technical standards and sanitary and phytosanitary issues".

The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis".

The GATT was first discussed during the United Nations Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). It was signed by 123 nations in Geneva on 30 October 1947, and was applied on a provisional basis 1 January 1948. It remained in effect until 1 January 1995, when the World Trade Organization (WTO) was established after agreement by 123 nations in Marrakesh on 15 April 1994, as part of the Uruguay Round Agreements. The WTO is the successor to the GATT, and the original GATT text (GATT 1947) is still in effect under the WTO framework, subject to the modifications of GATT 1994. Nations that were not party in 1995 to the GATT need to meet the minimum conditions spelled out in specific documents before they can accede; in September 2019, the list contained 36 nations.

In international economic relations and international politics, most favoured nation (MFN) is a status or level of treatment accorded by one state to another in international trade. The term means the country which is the recipient of this treatment must nominally receive equal trade advantages as the "most favoured nation" by the country granting such treatment (trade advantages include low tariffs or high import quotas). In effect, a country that has been accorded MFN status may not be treated less advantageously than any other country with MFN status by the promising country.

There is a debate in legal circles whether MFN clauses in bilateral investment treaties include only substantive rules or also procedural protections. The members of the World Trade Organization (WTO) agree to accord MFN status to each other. Exceptions allow for preferential treatment of developing countries, regional free trade areas and customs unions. Together with the principle of national treatment, MFN is one of the cornerstones of WTO trade law.

Bag tags, also known as baggage tags, baggage checks or luggage tickets, have traditionally been used by bus, train, and airline carriers to route checked luggage to its final destination. The passenger stub is typically handed to the passenger or attached to the ticket envelope:

1. to aid the passenger in identifying their bag among similar bags at the destination baggage carousel;
2. as proof—still requested at a few airports—that the passenger is not removing someone else's bag from the baggage reclaim hall; and
3. as a means for the passenger and carrier to identify and trace a specific bag that has gone astray and was not delivered at the destination. The carriers' liability is restricted to published tariffs and international agreements.

John Caldwell Calhoun (/kælˈhuːn/; March 18, 1782 – March 31, 1850) was an American statesman and political theorist who served as the seventh vice president of the United States from 1825 to 1832. Calhoun began his political career as a nationalist, modernizer and proponent of a strong federal government and protective tariffs. In the late 1820s, his views shifted, and he became a leading proponent of states' rights, limited government, nullification, and opposition to high tariffs, and distinguished himself as an outspoken defender of American slavery. Calhoun saw Northern acceptance of those policies as a condition of the South remaining in the Union. His beliefs heavily influenced the South's secession from the Union in 1860 and 1861. Calhoun was the first of two vice presidents to resign from the position, the second being Spiro Agnew, who resigned in 1973.

Born in South Carolina, Calhoun began his political career with election to the House of Representatives in 1810. As a prominent leader of the war hawk faction, he strongly supported the War of 1812. Calhoun served as Secretary of War under President James Monroe and, in that position, reorganized and modernized the War Department. He was a candidate for the presidency in the 1824 election. After failing to gain support, Calhoun agreed to be a candidate for vice president. The Electoral College elected him vice president by an overwhelming majority. He served under John Quincy Adams and continued under Andrew Jackson, who defeated Adams in the election of 1828, making Calhoun the most recent U.S. vice president to serve under two different presidents.

The double movement is a concept originating with Karl Polanyi in his book The Great Transformation. The phrase refers to the dialectical process of marketization and push for social protection against that marketization. First, laissez-faire reformers seek to "disembed" the economy to establish what Polanyi calls a "market society" wherein all things are commodified, including what Polanyi terms "fictitious commodities": land, labor, and money. Second, a reactionary "countermovement" arises whereby society attempts to re-embed the economy through the creation of social protections such as labor laws and tariffs. In Polanyi's view, these liberal reformers seek to subordinate society to the market economy, which is taken by these reformers to be self-regulating. To Polanyi, this is a utopian project, as economies are always embedded in societies.