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Tariff
A tax imposed on imported goods, usually to protect domestic businesses and market from foreign competition.
Liberalization
The process of reducing government regulations and restrictions in an economy to encourage more business activities and investments.
GATT
General Agreement on Tariffs and Trade, a legal agreement minimizing barriers to international trade.
Tariff
A tax imposed on imported goods and services, typically to restrict trade, increase government revenue, or protect domestic industries.
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