Which countries have the highest rates?

Answer:

Data on import tariffs, compiled by the world Bank and the world trade organization (WTO). Analysis of tariffs can be difficult, as different tariffs for different products from different partners. In addition, these or “bound” rates often do not correspond to the applied rates. Rate the rating below are based on the world Bank report “weighted average tariff” figures that account for the volume of imports from various partners, in 2016.

Countries with the highest import tariffs in the Bahamas, Gabon, Chad and Bermuda. It is important to note, however, that reliable information is not available on many countries. Below are the 10 countries with the highest rates:

High tariffs
Country
The weighted average applied tariff
Bahamas
18.56%
Gabon
16.93%
Chad
16.36%
Bermuda
15.39%
Central African Republic
14.51%
Grenada
12.41%
Saint Kitts and Nevis
12.28%
Antigua and Barbuda
11.88%
Nepal
11.66%
Benin
11.57%
Source: world Bank data 2016

As can be seen from the above examples, less developed countries have the highest trade barriers. Developed countries typically less stringent: 27 of the 28 members of the European Union, for example, apply a rate of 1.6 percent (Iceland is even lower, at 0.7%). This, however, cannot be maintained because the political opposition to the Pro-trade policy is spreading in developed countries. No 10 countries with the lowest rates on the rich:

Low fares
Country
The weighted average applied tariff
Singapore
0.00%
Macau (China)
0.00%
Hong Kong (China)
0.00%
Switzerland
0.00%
Brunei
0.50%
Botswana
0.57%
Georgia
0.66%
Iceland
0.71%
Mauritius
0.74%
Canada
0.85%
Source: world Bank data 2016

When Adam Smith published “wealth of Nations” in 1776, international trade was dominated by a highly restrictive import tariffs. His influence contributed to the consensus among economists that the reduction of barriers to trade stimulates economic growth; the consensus was especially strong among Western economists during the second half of the 20th century, resulting in a General reduction in tariffs around the world.

Many tariffs still exist, however, even among the most free countries. Japan, for example, favors its rice farmers although high import duties, and the US does the same thing for my peanut farmers. Tariffs are not only a variety of trade barriers: others include exchange controls, subsidies, fair trade laws, local content requirements and quotas on imports and exports. Based on this broader perspective of trade barriers, the Fraser Institute ranked the countries based on trade openness in 2014:

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