The proportion of imports into developed countries from all sources facing tariffs rates of more than 15% will decline from 7% to 5%. The proportion of developing country exports facing tariffs above 15% in industrial countries will fall from 9% to 5%. The Uruguay Round package has been improved. The bound tariff is the maximum MFN tariff level for a given commodity line. When countries join the WTO or when WTO members negotiate tariff levels with each other during trade rounds, they make agreements about bound tariff rates, rather than actually applied rates. Bound rates (the ceiling rates as listed in members’ “schedules” or lists of commitments) Applied rates (the rates members currently charge, which can be lower than the bound rates). WTO tariff databases contain both bound and applied rates. The Bound tariff rate is the most-favored-nation tariff rate resulting from negotiations under the General Agreement on Tariffs and Trade (GATT) and incorporated as an integral component of a country’s schedule of concessions or commitments to other World Trade Organization members.
This database contains comprehensive information on Most- Favoured-Nation (MFN) applied and bound tariffs at the standard codes of the Harmonized System (HS) for all WTO Members. When available, it also provides data at the HS subheading level on non-MFN applied tariff regimes which a country grants to its export partners. 34 - Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, "dental waxes" and dental preparations with a basis of plaster Thailand’s average applied Most Favored Nation (MFN) tariff rate was 12.5 % ad valorem in 2017. Approximately one-third of Thailand’s MFN tariff schedule involves duties of less than 5 %, and 30 % of tariff lines are MFN duty free, including chemicals, electronics, industrial machinery, and paper. Thailand has bound all tariffs on agricultural products in the WTO, but only around 70 % of
1 May 2015 First, applied tariffs are often lower than the bound tariffs, providing 2 This figure is based on WTO tariff bindings and applied tariff rates for 6 Jun 2008 of tariff and imports information: MFN applied tariffs 30 March (current year) Tariff submitted: Current bound and applied MFN duties, and As two cars approach the same intersection from different roads, how does the rate of change of the distance between them change?
Maximum tariff levels for goods, which are often referred to as 'bound tariffs' or ' bindings'; and; Tariff rate quotas (quantitative restrictions on imports and exports) 8 Aug 2018 The practice of “binding”, the requirement to offer compensation if bound tariff rates are increased, and the periodic rounds of trade liberalization 31 Jul 2018 “We firmly believe that the bound tariff rate for rice imports should be set at the maximum possible rate allowed by GATT-UR [General The customs tariff applicable within the Community is strictly based on Council KN) as a generally binding, harmonised tariff system and statistical nomenclature the applicable rates of duty, in order to ensure that it is permanently updated. 19 May 2005 charged, so the bound rates serve as ceilings. “Applied” tariffs are those that are actually levied on imported goods. For the purposes of this. 1 May 2015 First, applied tariffs are often lower than the bound tariffs, providing 2 This figure is based on WTO tariff bindings and applied tariff rates for 6 Jun 2008 of tariff and imports information: MFN applied tariffs 30 March (current year) Tariff submitted: Current bound and applied MFN duties, and
Bound Rate. A tariff, expressed as a percentage of the value of an import, that a country has agreed to levy on goods from another country. The tariff may not rise above the bound rate as long as the relevant treaty remains in force. It is also called a bound tariff or tariff binding. Bound rate is the maximum rate of duty (tariff) that can be imposed by the importing country on an imported commodity. Here, each country commits itself to a ceiling on customs duties (tariff) on a certain number of products. These rates vary from country to country and commodity to commodity. Bound Rate. A tariff, expressed as a percentage of the value of an import, that a country has agreed to levy on goods from another country. The tariff may not rise above the bound rate as long as the relevant treaty remains in force. It is also called a bound tariff or tariff binding. The maximum tariff in a product category is called the bound tariff rate. The bound tariff rates differ across products and across countries: some countries agree to higher maximums; others agree to lower maximums.