Equivalent import tariff (等值进口关税)

An equivalent import tariff (等值进口关税 děng zhí jìnkǒu guānshuì) refers to a tariff which discourages imports in order to promote domestic industries and companies. Instances of an equivalent import tariff include but are not limited to import quotas and licensing restrictions.

• 等值 (děng zhí; 等, equal; 值, value) as in equivalence curve (等值线 děngzhíxiàn) or equivalent trade (等值交易 děngzhí jiāoyì).
• 进口 ( jìnkǒu) derives from

进 (jìn) as in buying and bringing into (买进 mǎi jìn), going into (进去 jìnqu); 口 (kǒu) as in entrance (门口 ménkǒu).

进口 (jìnkǒu) as in port of entry (进口港 jìnkǒugǎng) or imported goods (进口货 jìnkǒuhuò).

• 关 as in customs (海关 hǎiguān), or ‘close the door’ (关门 guānmén).
• 税 as in taxation 税收 (shuìshōu).

Also see: import; tariff; import quotas; quota license.