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World Tariff Profiles 2024
August 4 , 2024
10 hrs 0 min
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- The 2024 World Tariff Profiles was published by the WTO, International Trade Centre (ITC), and UN Trade and Development (UNCTAD).
- India was the second country after the US in initiating and imposing anti-dumping duties among World Trade Organisation (WTO).
- Despite increasing the use of non-tariff measures in 2023, India’s average tariffs fell to 17 per cent from 18.1 per cent in 2022.
- In 2023, India initiated 45 anti-dumping investigations and imposed duties in 14 cases.
- But the US started 64 investigations and imposed additional duties in 14 cases.
- India has a total of 133 anti-dumping measures affecting 418 products.
- In 2022, India led WTO members with 29 anti-dumping investigations.
- Average tariffs on non-agricultural imports dropped to 13.5 per cent in 2023 from 14.7 per cent in 2022.
- Agricultural tariffs also fell to 39 per cent from 39.6 per cent.
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