Import Duties Act 1932
E447426
The Import Duties Act 1932 was a key piece of British protectionist legislation that introduced general tariffs on most imported goods, marking a major shift away from the country's longstanding free trade policy during the interwar period.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of the United Kingdom
ⓘ
protectionist legislation ⓘ |
| abbreviation | IDA 1932 NERFINISHED ⓘ |
| appliedTo | most imported goods ⓘ |
| appliesToTerritory |
Great Britain
NERFINISHED
ⓘ
Northern Ireland NERFINISHED ⓘ |
| areaOfLaw |
economic law
ⓘ
tax law ⓘ trade law ⓘ |
| context | Great Depression NERFINISHED ⓘ |
| country | United Kingdom ⓘ |
| createdBody | Import Duties Advisory Committee NERFINISHED ⓘ |
| economicImpact |
increased average level of UK tariffs
ⓘ
reduced volume of certain imports ⓘ |
| enactedIn | 1932 ⓘ |
| exempted | imports from the British Empire (initially) ⓘ |
| field | macroeconomic policy ⓘ |
| generalTariffRate | 10 percent ⓘ |
| government | Ramsay MacDonald National Government NERFINISHED ⓘ |
| historicalPeriod | interwar period ⓘ |
| implementedBy | Board of Customs and Excise NERFINISHED ⓘ |
| introducedBy | National Government (United Kingdom) NERFINISHED ⓘ |
| introducedTariffType | general ad valorem tariff ⓘ |
| jurisdiction | United Kingdom ⓘ |
| languageOfWork | English ⓘ |
| legalForm | public general act ⓘ |
| legalStatus | spent ⓘ |
| legislativeBody | Parliament of the United Kingdom NERFINISHED ⓘ |
| partOf | United Kingdom trade policy ⓘ |
| placeOfOrigin | London NERFINISHED ⓘ |
| policyDirection | protectionism ⓘ |
| politicalAlignment | Conservative Party trade policy shift ⓘ |
| precededBy | longstanding British free trade era ⓘ |
| purpose |
to improve the balance of payments
ⓘ
to protect domestic industry from foreign competition ⓘ to reduce imports ⓘ |
| relatedConcept |
Imperial Preference
NERFINISHED
ⓘ
tariff reform ⓘ |
| relatedEvent | Ottawa Conference 1932 NERFINISHED ⓘ |
| relatedTo |
Abnormal Importations (Customs Duties) Act 1931
NERFINISHED
ⓘ
Ottawa Agreements Act 1932 NERFINISHED ⓘ |
| replacedPolicy | free trade policy of the United Kingdom ⓘ |
| royalAssent | 1932 ⓘ |
| significance | marked a major shift away from longstanding British free trade ⓘ |
| startTime | 1932 ⓘ |
| subjectMatter |
customs
ⓘ
import duties ⓘ tariffs ⓘ trade policy ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.