What is MFN duty rate ??

[Kishan Barai]

Most-Favoured Nation Duty

What is MFN duty rate ??

Suppose export of Milk Powder has 10% MFN duty rate for UK, How it could be useful to importers and exporters ?

Suppose export of Onions has 0% MFN duty rate for UAE, How it could be useful to importers and exporters ?

Please enlighten

AI Summary

Understanding MFN Duty Rates: Impact on Importers and Exporters with Examples in Milk Powder and Onion Trade A participant in a discussion forum inquired about the Most-Favoured Nation (MFN) duty rate and its implications for importers and exporters. They provided examples, such as a 10% MFN duty rate on milk powder exports to the UK and a 0% rate on onion exports to the UAE, seeking clarification on how these rates benefit trade. Another participant responded, welcoming the inquiry and indicating a platform for knowledge sharing, though the specific details of the reply were not included in the text.