Scribd
Upload
9 views1 page

Bit 8

The document discusses trade among rich countries in early 1986 when leaders of the seven leading industrial powers and European Community met in Tokyo and announced their commitment to halting protectionism and reducing trade restrictions. It also discusses classifications of tariffs including protective tariffs to protect domestic industries and revenue tariffs imposed to obtain government revenue.

Uploaded by

Nikki Coleen Santin
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
9 views1 page

Bit 8

The document discusses trade among rich countries in early 1986 when leaders of the seven leading industrial powers and European Community met in Tokyo and announced their commitment to halting protectionism and reducing trade restrictions. It also discusses classifications of tariffs including protective tariffs to protect domestic industries and revenue tariffs imposed to obtain government revenue.

Uploaded by

Nikki Coleen Santin
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
Download as pdf or txt
You are on page 1/ 1

10th – Trade Was Among Rich Countries

*In early 1986, leaders of the free world’s seven leading industrial powers, together

with the top two officials of the European Community, met in Tokyo to discuss free

trade. The heads of governments of the United States, Japan, West Germany, France,

Italy, Britain, and Canada announced in their “Tokyo Economic Declaration” their

“Commitment to halting and reversing protectionism, and to reducing and dismantling

trade restrictions.”

Summary

TARIFFS

3 Classifications of Tariffs

1. According to purpose

a. Protective tariff

- For the protection of domestic industries

You might also like