Welcome to Trade Terms Tuesday! Each Tuesday, we will share three trade-related terms. In order to reach out to our diverse readership, we will try to provide one for exports, one for imports, and one for logistics/transportation. This week, we continue with the letter T.
Tare Weight
The tare weight is the weight of a container and/or packing materials without the weight of the goods it contains.
Tariff Shift
A tariff shift occurs when an article’s classification is changed from one heading in a chapter to another heading in the same chapter or from one chapter to another chapter, depending on the requirements for the specific HTS. In addition to the tariff shift, some goods must also meet the regional value percentage to qualify.
Technical Assistance
Technical assistance may consist of instruction, skills training, working knowledge, consulting or transfer of technical data.
Tuesday, March 2, 2010
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