Nepal - Tariff rate, most favored nation, weighted mean, all products (%)

Tariff rate, most favored nation, weighted mean, all products (%) in Nepal was 12.66 as of 2020. Its highest value over the past 27 years was 421.50 in 2008, while its lowest value was 11.31 in 2014.

Definition: Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate

See also:

Year Value
1993 15.96
1998 20.09
1999 14.01
2000 16.84
2002 15.45
2003 15.86
2004 15.49
2005 15.49
2006 13.26
2007 13.46
2008 421.50
2009 12.90
2010 13.35
2011 12.80
2012 12.87
2013 15.65
2014 11.31
2015 13.08
2016 13.07
2018 13.42
2019 15.43
2020 12.66

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs