Import Duties Act 1932

Updated: Aug 20, 2021

An Act which marked the final abandonment of the free trade policy which dominated the U.K.’s foreign trade in the nineteenth century and to which she had dung with increasing difficulty after the First World War. The Act imposed a 10 per cent duty on all imports, except foodstuffs and raw materials and some other items, originating from non-Commonwealth countries.

Reference: The Penguin Dictionary of Economics, 3rd edt.

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James Knight
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