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International Monetary Fund. Monetary and Capital Markets Department

Abstract

Published since 1950, this authoritative annual reference is based upon a unique IMF database that tracks exchange and trade arrangements for the 187 IMF member countries, along with Hong Kong SAR, Aruba, and Curaçao and St Maarten. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) draws together information on exchange measures in place, the structure and setting of exchange rates, arrangements for payments and receipts, procedures for resident and nonresident accounts, controls on capital transactions, and provisions specific to the financial sector. The data are presented in a clear, easy-to-read tabular format. A summary table allows for simple cross-country comparisons of key features of their exchange and trade regimes. The report’s introduction summarizes recent global trends and developments.

International Monetary Fund. Monetary and Capital Markets Department

Abstract

Published since 1950, this authoritative annual reference is based upon a unique IMF database that tracks exchange and trade arrangements for the 187 IMF member countries, along with Hong Kong SAR, Aruba, and Curaçao and St Maarten. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) draws together information on exchange measures in place, the structure and setting of exchange rates, arrangements for payments and receipts, procedures for resident and nonresident accounts, controls on capital transactions, and provisions specific to the financial sector. The data are presented in a clear, easy-to-read tabular format. A summary table allows for simple cross-country comparisons of key features of their exchange and trade regimes. The report’s introduction summarizes recent global trends and developments.

International Monetary Fund. Monetary and Capital Markets Department

Abstract

Published since 1950, this authoritative annual reference is based upon a unique IMF database that tracks exchange and trade arrangements for the 187 IMF member countries, along with Hong Kong SAR, Aruba, and Curaçao and St Maarten. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) draws together information on exchange measures in place, the structure and setting of exchange rates, arrangements for payments and receipts, procedures for resident and nonresident accounts, controls on capital transactions, and provisions specific to the financial sector. The data are presented in a clear, easy-to-read tabular format. A summary table allows for simple cross-country comparisons of key features of their exchange and trade regimes. The report’s introduction summarizes recent global trends and developments.

International Monetary Fund. Monetary and Capital Markets Department

Abstract

Published since 1950, this authoritative annual reference is based upon a unique IMF database that tracks exchange and trade arrangements for the 187 IMF member countries, along with Hong Kong SAR, Aruba, and Curaçao and St Maarten. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) draws together information on exchange measures in place, the structure and setting of exchange rates, arrangements for payments and receipts, procedures for resident and nonresident accounts, controls on capital transactions, and provisions specific to the financial sector. The data are presented in a clear, easy-to-read tabular format. A summary table allows for simple cross-country comparisons of key features of their exchange and trade regimes. The report’s introduction summarizes recent global trends and developments.

International Monetary Fund

summarized as follows: (1) low rates of, e.g., 10 and 25 percent applying to necessities and seminecessities; (2) intermediate rates of, e.g., 35 and 40 percent; (3) high rate of, e.g., 45 percent 3.1 Import duties Malawi maintains a two-column tariff schedule based on the Customs Cooperation Council Nomenclature (CCCN). This provides for a preferential rate of duty for import from “ACP States” within the meaning of the Lome Convention, the Commonwealth, GATT, and EEC countries; and most-favored-nation rate for the rest of the world. Ad valorem customs

International Monetary Fund

fees (kwacha) Annual fees Public service vehicles 50.00 Heavy goods vehicles 50.00 Light goods vehicles 210.00 Buses 50.00 Short-term permits Vehicles registered in Malawi Per months 6.00 Per two months 10.00 Per three months 15.00 Foreign registered (per month) 100.00 3. Taxes on international transactions 3.1 Import duties Malawi maintains a two-column tariff schedule based on the Customs Cooperation Council

International Monetary Fund

.00 Light goods vehicles 40.00 Buses 75.00 Short-term permits Vehicles registered in Malawi Per month 10.00 Per two months 20.00 Per three months 30.00 Foreign registered (per month) US$50.00 3. Taxes on international transactions 3.1 Import duties Malawi maintains a two-column tariff schedule based on the Customs Cooperation Council Nomenclature (CCCN). This provides for a preferential rate of duty for import from "ACP States" within the meaning of the Lome Convention

International Monetary Fund

Tariff of duties on goods imported into the state. Imports are subject to the common external tariff of the East Caribbean Common Market (ECCM). The ECCM tariff conforms to the Customs Cooperation Council nomenclature. Most imports from CARICOM are exempt, provided they satisfy area of origin requirements. Most rates are ad valorem on c.i.f. value, which range from 0 to 45 percent. Representative rates are: Percent Some essential foodstuffs 10-15 Building materials 15-25 Textiles 20-30 Domestic appliances 25

Ms. Xiangming Li

. Reintroduced export retention at a flat rate of 50 percent for all exporters and removed all import controls except for a short negative list. Sources: ( Swamy 1994 , World Bank 1995 ). Korea 1978–79: Increased the number of automatic approval items (AA) for importation by 162 on the basis of four-digit Customs Cooperation Council Nomenclature (CCCN) classification. Share of items on AA list increased from 53.8 percent to 68.6 percent. Production weighted average legal tariff rate decreased from 41.3 percent to 34.4 percent. 1981–94: Increased the share of AA

Jong-Wha lee and Mr. Peter Wickham

average of black market exchange rate premia from 1960 to 1987. The data are available for 102 countries. Data on tariff rates on imported inputs—intermediate and capital goods—have been assembled for 108 countries from various sources: Lee, Swagel and Tan (1991) for 96 countries, and GATT (1980) and Greenway (1983) for the 6 OECD countries. 1/ Lee, Swagel and Tan (1992) report an import—weighted average of ad valorem import charges on consumer, intermediate and capital goods using the tariff rates at the most detailed level of the Customs Cooperation Council