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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 ...
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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 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]
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 ...
When in the form of a bar, cake or moulded shape, such soap is classified under heading 34.01 (Soap, among others), then under 1-dash subheading 3401.1 (Soap and organic surface-active products and preparations, in the form of bars, cakes, moulded pieces or shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap ...