tariff binding
A technical term in international trade: a commitment not to raise a tariff above a bound rate. Used in WTO and FTA contexts.
Under the WTO agreements, member countries set tariffs in accordance with their schedules of tariff bindings.
Compound of 関税 (tariff) and 譲許 (concession). The term is a direct translation of the English 'tariff binding' used in international trade law.