import parity price

Definition

Economics

  • The price that a purchaser pays or can expect to pay for an imported good, thus the c.i.f. import price plus tariff plus transport cost to the purchaser's location. This and the export parity price together define a range of the possible equilibrium prices for an equivalent domestically produced good.
http://www.dictionarycentral.com/definition/import-parity-price.html