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' Tariff Association '). Full name and marketing name: Shows the official name first in one of the four languages of Switzerland, followed by the marketing name, if any, in guillemets. Regions: Areas included in the respective tariff network. Population: The number of residents connected to the network (as of 2007). [3]
A tariff binding is a ceiling above which a member country cannot apply a tariff, thus representing the maximum tariff than can be applied by a member. The NAMA negotiators have opted in favour of a formula approach to tariff reductions rather than a linear approach. The Swiss formula, which has been propounded by the developed countries such ...
A free trade agreement between China and Switzerland was signed in 2013, leading to a decrease in tariffs and a decrease in nontariff barriers as well. A free trade agreement in services is important as many Chinese service providers show interest in Switzerland as a business hub and many Switzerland service providers operate in China. [4]
The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD), [1] World Trade Organization, [2] and World Bank. [ 3 ] UNCTAD indicators are based on MFN (Most Favoured Nation) and effectively applied import tariff rates for major categories of non-agricultural and non-fuel ...
SR 632.10 – Customs Tariff Act, CTA 1986 1988 Regulates Customs Tariffs: 63 Finance -Customs Zolltarifgesetz, ZTG Loi sur le tarif des douanes, LTaD Legge sulla tariffa delle dogane, LTD SR 632.91 – Preferential Tariffs Act 1981 1982 Allows the granting of reduced tariffs for developing countries: 63 Finance -Customs Zollpräferenzengesetz
A very low tariff country with a rate T old of 2.3% would move to a T new rate of about 2.1%. Mathematically, the Swiss formula has these characteristics: As T old tends to infinity, T new tends to A, the agreed maximum tariff; As T old tends to 0, T new tends to T old i.e. no change in tariffs as it is already low; When T old is equal to A ...
A tariff is called an optimal tariff if it is set to maximise the welfare of the country imposing the tariff. [73] It is a tariff derived by the intersection between the trade indifference curve of that country and the offer curve of another country.
In economics, a tariff-rate quota (TRQ) (also called a tariff quota) is a two-tiered tariff system that combines import quotas and tariffs to regulate import products. A TRQ allows a lower tariff rate on imports of a given product within a specified quantity and requires a higher tariff rate on imports exceeding that quantity. [ 1 ]