Share of tariff lines with specific rates, manufactured products (%)

The indicator reflecting the proportion of tariff lines assigned specific rates serves as a crucial measure of trade policy, revealing the reliance of countries on tariff structures that are based either on fixed amounts per unit or a combination of ad valorem and per unit assessments. This metric specifically pertains to manufactured goods categorized under SITC revision 3 sections 5-8, excluding division 68, which encompasses a diverse array of industries such as textiles, machinery, and vehicles. Understanding this share not only highlights the complexities of trade barriers but also provides insights into how countries strategically manage their import duties to protect local industries while facilitating trade. Furthermore, it can indicate the degree of product specificity in tariff regulation, impacting cost structures and competitive dynamics in global markets. Source: