The majority of developing industrialized countries tend to impose protective customs taxes on their domestic products to insure the survival of their industrial sector. Clearly, such protective efforts eventually lead to closed markets that engender an environment for poor quality products.
However, recent developments in globalization and international commerce have indicated an interest in developing a global market that is open to fair competition based on quality and price. Achieving this goal mandates a major reduction, or even cancellation, of import taxes imposed by the receiving countries.
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