Consumers in Emerging Economies Still Getting Raw Deal as Burden of Import Duties Puts Up Prices

A new study released by UHY International finds that emerging economies levy average customs duties of 0.81% of GDP, while EU countries charge 0.13% – less than 1/6th as much. Consumers in emerging economies are still paying comparatively high prices for goods relative to their counterparts in developed countries thanks to a far higher tax…

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