These include status quo, modernization, reversion to the World Trade Organization's most favored nation tariff
of 2.5%, a reversal of rules of origin, and a trade war causing sales volumes to decline around 15% over two years.
And PACCI will also focus on the management of the Philippines' tariff regimes, whether in the global Most Favored Nation tariff
schedules or under the various Free Trade Agreements.
As a result of this unilateral move, Canada's average most favored nation tariff
fell from 6.5 percent in 2006 to 5.4 percent in 2010.
EU leaders will have three options to ease Pakistani goods into Europe-offering duty-free access on some goods, deciding a unilateral waiver with WTO agreement, or lowering Most Favored Nation tariff
on some products.
It covers the macroeconomic contexts, including a preliminary analysis of current account imbalances, trade trends, patterns in labor competitiveness, including results of global production sharing networks, integration, including accession to World Trade Organization and most favored nation tariff
rates, services as an engine of growth, including trade in specific service sectors, and private investment, including key problems such as human development and quality of telecommunications.
Some differences in the most favored nation tariffs
of the NAFTA countries are quite large Product Canada United States Mexico Percent Chickens, uncut (fresh or chilled) 238.0 * 3.5 234.0 Butter 298.5 * 35.3 * 20.0 Cheddar cheese 245.5 * 24.0 * 125.0 Durum wheat 0.4 ** 1.30 67.0 Barley 0.4 ** 0.40 115.0 Potatoes 1.0 1.80 245.0 Raspberries Free Less than 0.05 20.0 Raw sugar (cane or beet, solid form, not containing added flavoring or coloring) 9.3 91.5 * 73.5 Strawberry jam 12.5 2.2 51.0 Peanuts (shelled) Free 131.8 * Free * = Over-quota tariff ** = In-quota tariff.