Effective rate of protection-provided by its tariff schedule

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If offshore assembly provisions were extended to include more goods, what would this do to the actual level of protection provided by a country’s nominal tariff schedule? Explain. If the extension of the provisions is made to final goods but not to intermediate goods, what would this do to the effective rate of protection (ERP) for the country provided by its tariff schedule? Explain.

Reference no: EM13816812

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