Conventional Tariff Law and Legal Definition

Conventional tariff refers to tariffs set by commercial treaty. It is concluded jointly by two or more than two countries. The change and revision of the tariff rate is subject to the convention. The commodity items concerned in the conventional tariff are normally restricted to a certain range rather than covering all the items of imports. The conventional tariff is divided into bilateral conventional tariff, multilateral conventional tariff and unilateral conventional tariff according to the conventional method.