A number of commodities by Costa Rica in 1971 and Nicaragua in 1978. Little progress has been

Made since for the setting up of the market structures. However, at a meeting in 1990 the members

Reaffirmed their determination to establish the Common Market as agreed at Managua. In 1996

Discussions were held on a plan for the establishment of a free-trade area within CARICOM.

Commentary and Notes to Text 19.7.1.5

An agreement on the Equalization of Import Duties and Charges — соглашение об уравнивании

Импортных пошлин и сборов

To suffer a set-back by the imposition of import duties — потерпеть неудачу из-за введения

Импортных пошлин

Caribbean Community and Common Market (CARICOM)

Ослаблены

The Common Market o f Central American States

Match the following terms with the correct definition

Work with a partner.

Most-favoured-nation clause

Generalized system of preferences

Barriers to entry

Taxes, import

Import restrictions

Subsidy

A) Economic or technical factors which prevent or make it difficult

For firms to enter a market and compete with existing

Suppliers.

B) Government grants to suppliers of goods and services. A subsidy

May be intended to keep prices down (i.e., to raise real

Incomes of buyers), to maintain incomes of producers (e.g.,

Farmers) or to maintain a service or employment (e.g., subsidies

To British Rail or the Rover Automobile Group).