Thread by @gonwei

Since this article on #import duties as implicit #export taxes went to 'print', I received some very good feedback, so let me add two points below to add clarity mechanisms at play here. 👇👇

https://twitter.com/gonwei/status/1523109456481255424

1\ An 'innocent' 10% #import duty on bikes increases the relative profits of selling domestically versus #exporting by 40%! thus deterring new #exporters [assumptions are based on @PBSofficialpak numbers!]
Table below takes you through it. #Pakistan #Trade 👇👇

2\ From a #policy angle, how do you shift from an #ImportSubstitution mindset (which is the same as saying #Export substitution one) to an #Export led growth one? All of a sudden? No. Here are some ideas. #Pakistan

PS: thanks to @MOPasha84 for helping make the case clearer.