The authority to set bound tariffs
is vested in Congress.
A third argument against our instrument is that bound tariffs
may be affected by industry value added, if they are set taking into consideration the level of development of individual industries, or if bigger industries have more power to push for higher bound tariffs
If we compare the actual tariff level in Pakistan in the context of WTO rules, Table 1 shows that Pakistan tends to have relatively moderate MFN applied tariffs while it has a relatively high bound tariffs
under the WTO.
9 percent for agricultural products and 12 percent for industrial goods well below the bound tariffs
We note with great concern the Secretariat's assessment that nearly 50% of Kyrgyzstan's bound tariffs
do not align with the Customs Union and would require re-negotiation and compensation to WTO Members," the Attache concluded.
After these cuts under the 'Swiss Formula' most of the bound tariffs
in developing countries will be brought down to around 11%, and will in no case exceed 20%.
However, the cuts in those newly bound tariffs
were minimal, 36% on average for developed countries, but, in effect, rather less.
low bound tariffs
, high ceiling bindings, high proportion of low income or resource poor producers.
At the commodity level, global average bound tariffs
exceed 80% for dairy products and frozen meats.
refer to the level of import duties that a country has formally agreed not to exceed.
introduced quotas besides the bound tariffs
to fulfill the minimum access rule.
The UR Agreement on Agriculture led to the conversion of non-tariff agricultural import barriers into bound tariffs
, and those bound tariffs
, together with subsidies to farm production and exports, have been scheduled for phased reductions.