Friday, November 27, 2009
Singapore's weighted average tariff rate was 0 percent in 2006
Singapore's weighted average tariff rate was 0 percent in 2006. Tariffs are generally low, but import restrictions, services market barriers, import taxes, import licensing, non-transparent regulations, burdensome sanitary and phytosanitary rules, weak enforcement of intellectual property rights, and export incentive programs add to the cost of trade. Ten points were deducted from Singapore's trade freedom score to account for non-tariff barriers.
Posted by Panchapor at 7:18 AM