Levy with tariff-equivalent effect. In certain cases, and especially in the case of agricultural products, the levy is intended to equalize the difference between the import price of a product and the domestic price, i.e. ultimately to keep imports off the domestic market. – In the EU, levies are currently (2012) imposed on imported grain, rice and sugar. Levies are also due on exports from the EU if world market prices are above the EU price level. – Other countries take a similar approach, such as the USA, where levies are imposed on sugar, for example. As a result, a striking price difference between domestic and world market sugar can be observed in futures contracts in the USA. – See agricultural policy, export levy, import levy, refund, prohibitive system, cyclicality.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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