poverty and trade > factfile > tariffs
TariffsPosted: 03 Aug 2004
Developed countries often import raw materials from developing countries free of tariffs - a tax by the importing country on the product as it enters their market - or at a very low tariff. If the material is semi-manufactured it will normally attract a tariff. If fully manufactured then an even higher tariff will apply.
Tariffs on raw materials average under 1 per cent, on semi-manufactures about 4 per cent, and 6.5 per cent on fully manufactured goods.
This tariff escalation often means that developing countries are denied the possibility of adding value to their primary commodities and so creating jobs that could stimulate the economy.