Transit tariffs have been almost eliminated worldwide through trade agreements.

Question

Quizplus · Accepted Answer

Many international trade agreements, such as the World Trade Organization's General Agreement on Tariffs and Trade, aim to reduce or eliminate transit tariffs that could impede the flow of goods between countries. While some countries may still impose transit tariffs, they are generally becoming less common as trade liberalization continues.

Transit Tariffs Have Been Almost Eliminated Worldwide Through Trade Agreements