Variable levies
Variable levies: customs duty rates which vary in response to domestic criteria. They are intended to ensure that the price of a product on the domestic market remains unchanged regardless of price fluctuations in world markets and always well above world prices. Variable levies are a feature of the Common Agricultural Policy. See also Chicken War and oilseeds case for examples of trade tension caused by the introduction of variable levies.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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