What is an MFN tariff?

What is an MFN tariff?

Normal non-discriminatory tariff charged on imports (excludes preferential tariffs under free trade agreements and other schemes or tariffs charged inside quotas).

What are the major imports of Indonesia?

Indonesia Imports Rise the Most in a Decade Main imports products are: oil and gas (around 17 percent of total imports), nuclear reactions, boilers, mechanical appliances (19 percent); iron and steel (5.4 percent), organic chemical materials (4.8 percent) and vehicles (4.5 percent).

What is MFN in international trade?

“Most-Favoured-Nation” (“MFN”) treatment — requires Members to accord the most favourable tariff and regulatory treatment given to the pro- duct of any one Member at the time of import or export of “like products” to all other Members. This is a bedrock principle of the WTO.

What is the MFN rule?

A most-favored-nation (MFN) clause requires a country to provide any concessions, privileges, or immunities granted to one nation in a trade agreement to all other World Trade Organization member countries. Although its name implies favoritism toward another nation, it denotes the equal treatment of all countries.

How much cash can I bring into Indonesia?

Currently, there is no ceiling on the amount of foreign bank notes that are carried into Indonesia although authorities require cash worth more than IDR 100 million (approx. USD $7,500) to be declared when arriving in Indonesia.

What Indonesia exports the most?

Searchable List of Indonesia’s Most Valuable Export Products

Rank Indonesia’s Export Product 2020 Value (US$)
1 Palm oil $17,364,812,000
2 Coal, solid fuels made from coal $14,547,621,000
3 Gold (unwrought) $5,541,878,000
4 Petroleum gases $5,452,286,000

How are applied MFN tariffs adjusted in World Trade Organization?

In a number of cases, the estimated MFN applied AVEs were adjusted when the corresponding bound tariff lines were defined in ad valoremterms. In these cases, the corresponding bound ad valorem duty was used as ceiling for the AVE estimate.

What are the tariffs for MFN in 2019?

2019 Applied MFN tariffs 0 < 2 2 < 4 4 < 6 6 < 8 8 < 10 10 < 15 15 < 20 20 – max The map on the cover represents the latest available average MFN tariffs applied by countries/customs territories. These tariffs (in %) are grouped into eight categories.

Where can I find the world tariff profile?

World Tariff Profilesis a co-publication of the WTO, ITC and UNCTAD on market access for goods. This annual publication provides comprehensive information on the tariffs and non-tariff measures imposed by over 170 countries and customs territories.

Are there any non-WTO tariffs on the WTO website?

Non-WTO members are included if data on the tariffs they applied in 2018 or 2017 are available in the databases of the WTO, ITC or UNCTAD. For more information The statistical tables included in this report can be downloaded from the WTO web site at WTO ITC UNCTAD World Tariff Profiles 2019

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