In the context of trade policy tools, which of the following is considered as tariff measure? I. Export taxes
II. Import taxes
Both I and II
Trade policy tools are divided into tariff measures (taxes or duties on traded goods) and non-tariff measures (quotas, licences, standards, subsidies).
Statement I is correct: an export tax is a duty charged on goods leaving the country and is a tariff measure.
Statement II is also correct: an import tax or import duty is the most common tariff, charged on goods entering the country. So both are tariff measures.
Hence, Both I and II.
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Choose the correct answer from the options given below:
