World Trade Organization and tariffs Assignment Example | Topics and Well Written Essays - 500 words

World Trade Organization and tariffs - Assignment Example Tariffs also have been used in providing additional revenue for the government and to domestic producers at the expenses of foreign producers and customers (Alexander and Andenà ¦s, 38). This is used as one of the tools to shape policies of trade. Types of barriers imposed by Saudi Arabia for exports and importsThere are different trade barriers that are used in Saudi Arabia. The first strategy that has been used is tariffs. Saudi Arabia implies the GCC common external tariffs of five percent of most of the products used in the nation with limited number of expectation. Saudi Arabia implies twelve percent on the local products in some cases to protect the industries of the nations. Textile products are among the products that implies the 12 per cent import tariffs. Higher rates of the tariffs implies to smaller group. There is also implication of 15 per cent for other products such as aluminum and furniture. Majority of food products are subjected to five percent import duty. The le vel of imports duties ties to the level of local production of similar goods. Import prohibitions and licensing either is used in Saudi Arabia where the importation of certain articles is the prohibition of some goods or require approval from other appropriate authority. In the country, there is prohibition of goods such as pork products, used clothing, firearms, and automobiles (Alexander and Andenà ¦s, 33). Importation of some products requires special approval such as agricultural feeds, books, visual or audio media and religious materials.