Japan has alleged that India's duties on ICT products infringe on WTO norms, because the country has implemented zero percent bound tariffs
on the products in question, reports Business Standard.
Compared with the average applied tariffs of 12%, Pakistan's average bound tariffs
However, if Mexico were to impose 'bound tariffs
,' which are permissible under WTO rules, then tariffs on pork could be 37% and poultry could reach 75%.
The authority to set bound tariffs
is vested in Congress.
As argued in "Tariffs' endogeneity" section, the results obtained in Table 4 could be criticized for the possibility that the bound tariffs
are set taking into consideration the level of development of individual industries, invalidating the tariffs' strict exogeneity.
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.
Based on 2012 data Nepal's average applied tariffs were 12.3 percent including 13.9 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.
* Bound tariffs
of World Trade Organization members;
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.