Lowest Average Tariff Rate 2017

In 2017, Japan held the 68th position globally with a Lowest Average Tariff Rate of 2.51%. This rate is relatively low compared to many of its regional neighbors, facilitating trade and economic integration. Japan's tariff policies are shaped by its commitment to free trade agreements and a focus on maintaining competitiveness in global markets.

In 2017, Qatar achieved a global rank of #55 with a Lowest Average Tariff Rate of 4.22%. This rate is relatively low compared to many other countries in the region, reflecting Qatar's commitment to trade liberalization. The nation's strategic location and significant natural gas reserves have fostered a robust economy, enabling it to maintain competitive tariff levels and attract foreign investment.

Iceland ranked #110 out of 129 countries with a Lowest Average Tariff Rate of 1.57 % in 2017. This rate is notably lower than many of its European neighbors, reflecting Iceland's commitment to free trade policies and minimal trade barriers. The country's unique geographic position and small population allow for a streamlined import process, further contributing to its low tariff rates.

In 2017, Jordan achieved a global rank of #52 with a Lowest Average Tariff Rate of 4.41%. This rate is notably lower than many of its regional neighbors, reflecting Jordan's commitment to trade liberalization compared to countries with higher tariffs. The country's strategic location and efforts to integrate into global markets have driven its tariff policies, aimed at boosting economic growth and attracting foreign investment.

In 2017, France ranked #85 globally with a Lowest Average Tariff Rate of 1.96 %. This rate is relatively low compared to many European countries, reflecting France's commitment to free trade within the European Union. The country's tariff policies are influenced by its integration in the EU's single market, which aims to facilitate trade among member states while maintaining competitive standards.

In 2017, Ireland achieved a global rank of #89 with a Lowest Average Tariff Rate of 1.96%. This rate is notably lower than many of its European neighbors, reflecting Ireland's commitment to free trade within the EU framework. The country's favorable tariff rate is driven by its open economy, reliance on foreign direct investment, and strategic positioning as a gateway for trade between the EU and the United States.

In 2017, Ghana achieved a global rank of #18 with a Lowest Average Tariff Rate of 10.61%. This rate is notably lower than the average for many countries in West Africa, indicating a more trade-friendly environment. The relatively low tariff rates can be attributed to Ghana's commitment to trade liberalization and its strategic economic policies aimed at enhancing competitiveness and attracting foreign investment.

In 2017, Russia had a Lowest Average Tariff Rate of 3.61 %, ranking #61 out of 129 countries. This rate is relatively low compared to many neighboring countries, indicating a more open trade environment. The low tariff rate reflects Russia's efforts to integrate into the global economy and its participation in various trade agreements, despite ongoing geopolitical tensions that impact trade relations.

In 2017, Estonia achieved a global rank of #83 with a Lowest Average Tariff Rate of 1.96%. This rate is notably lower than the global average tariff rates, reflecting Estonia's commitment to free trade and economic openness. The country's strategic location as a gateway between Western Europe and Russia, along with its EU membership, has facilitated its low tariff environment, promoting foreign investment and trade.

In 2017, Guinea achieved a global rank of #13 with a Lowest Average Tariff Rate of 12.25%. This rate is notably lower than many of its West African neighbors, which often impose higher tariffs to protect local industries. The relatively low tariff rate reflects Guinea's efforts to promote trade and attract foreign investment, driven by its rich natural resources and the need to diversify its economy beyond mining.