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Simple English definitions for legal terms

CXT

Read a random definition: attorney at law (or attorney-at-law)

A quick definition of CXT:

Term: CXT

Definition: CXT stands for Common External Tariff. It is a type of tariff that is applied to goods imported from countries outside of a particular trade bloc or customs union. This means that all member countries of the trade bloc or customs union have the same tariff rates for goods imported from outside the bloc or union. It helps to create a level playing field for businesses within the bloc or union and can also be used as a tool for protecting domestic industries from foreign competition.

A more thorough explanation:

CXT

CXT is an abbreviation for "common external tariff" which is a type of tariff that is applied uniformly by a group of countries to goods imported from countries outside of that group.

For example, the member countries of the European Union have a common external tariff on goods imported from countries outside of the EU. This means that if a product is imported into any EU country from a non-EU country, it will be subject to the same tariff rate regardless of which EU country it enters first.

Another example is the Southern African Customs Union (SACU), which has a common external tariff on goods imported from countries outside of the SACU. This means that if a product is imported into any of the SACU member countries (Botswana, Lesotho, Namibia, South Africa, and Eswatini) from a non-SACU country, it will be subject to the same tariff rate regardless of which SACU country it enters first.

The examples illustrate how a common external tariff works in practice. In both cases, a group of countries has agreed to apply the same tariff rate to goods imported from countries outside of that group. This helps to create a level playing field for trade between the member countries and ensures that non-member countries are not able to gain an unfair advantage by exporting goods to one member country with a lower tariff rate and then re-exporting them to another member country with a higher tariff rate.

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Quillinit
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ah you filed retro W's from classes in UG?
Quillinit
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ah okay, sorry homie that's rough
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Quillinit
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<3 happy for you
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Quillinit
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^^^^^ would love to get into Cornell lmao
Quillinit
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or anywhere!
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yoo lets dawg what happened, you good?
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breakup
12:28
happens to the best of us
12:28
@UnsuitableMaliciousHedgehog: that’s so fucking sick
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shaquilleoatmeal
12:29
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12:29
it really is breakup season
shaquilleoatmeal
12:29
i lived with my ex for 3 months after we broke up and it was brutal. If you can move out quicker rather than later
thanks shaq! i just needed some input from people who are looking from the outside in
im gonna pack up my stuff and leave for a few days when i get off work
12:31
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shaquilleoatmeal
12:32
yee bud clear your head how you need, shit sometimes even just driving with no destination and some sad ass music can get you through this
shaquilleoatmeal
12:32
you grow through what you go through bunny, you know for the next relationship what you deserve
I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol
12:34
gotchu
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