What is the Common External Tariff (CET)?
The CET is a rate of duty applied by all Members of the Common Market to a product imported from a country which is not a member of the Common Market. To date eleven (11) member states have implemented the fourth phase with the exception of St. Kitts and Nevis. The rate of duties under this phase range from 5% to 20% for More Developed Countries (MDCs) and 0-5% to 20% for Less Developed Countries (LDCs).
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- What is the Common External Tariff (CET)?