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This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
The preferential treatment promotes least developed countries (LDC) that, among other things, respect international conventions on human rights; the tariff preferences granted to Cambodia were recently suspended on some products because of "serious and systematic violations of the human rights principles enshrined in the International Covenant ...
Approved in 2005 with implementation beginning in 2006, Cambodia's Special Economic Zones provide businesses within each zone with a number of fiscal incentives, including income tax, customs, and VAT benefits and are "designed to offer a one-stop service for imports and exports, and have specially trained government officials stationed on site ...
The Customs Tariff Act also known simply as the Customs Tariff, is a Canadian Act of Parliament regulating the implementation of tariffs and export duties by Canada with respect to trade, whether it is covered by an individual free trade agreement made by Canada and another country or trade outside of an agreement, countries designated as least-developed countries, and all other countries.
Honduras Customs union, (1963, re-launched on 29 October 1993) Mexico (January 1, 1995) Nicaragua Customs union, (1963, re-launched on 29 October 1993) Panama (31 July 1973, renegotiated and expanded for (1 January 2009) Peru (1 June 2013) Singapore (16 May 2013). South Korea (6 March 2019) United Arab Emirates (26 November 2024) United Kingdom ...
However, for goods originating within ASEAN, ASEAN members are to apply a tariff rate of 0-5 %(the more recent members of Cambodia, Laos, Myanmar and Vietnam, also known as CMLV countries, were given additional time to implement the reduced tariff rates). This is known as the Common Effective Preferential Tariff (CEPT) scheme.
Cambodia Indonesia Japan South Korea Laos Malaysia Myanmar New Zealand Philippines Singapore Thailand: 15 November 2020 1 January 2022 Regional Comprehensive Economic Partnership Nicaragua: 31 August 2023 1 January 2024 Free Trade Agreement [19] Ecuador: 11 May 2023 Under ratification: Free Trade Agreement Serbia: 17 October 2023 1 July 2024
On 1 January 2010, the average tariff rate on Chinese goods sold in ASEAN countries decreased from 12.8 to 0.6 percent pending implementation of the free trade area by the remaining ASEAN members. Meanwhile, the average tariff rate on ASEAN goods sold in China decreased from 9.8 to 0.1 percent. [13]