Terminology Service: SST: effective rate of protection

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effective rate of protection

Protection of domestic industries from international competition is a common policy of many countries. Tariffs on imported goods (and services) are just one form, albeit the most common one, of such protection. [Source: Encyclopedia of Business in Today's World; Effective Rate of Protection]

https://concepts.sagepub.com/social-science/concept/effective_rate_of_protection

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