India Ranks Second Globally in Anti-Dumping Measures Imposed, According to WTO Report

India Ranks Second Globally in Anti-Dumping Measures Imposed, According to WTO Report

Daily Current Affairs   /   India Ranks Second Globally in Anti-Dumping Measures Imposed, According to WTO Report

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Category : Miscellaneous Published on: August 03 2024

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  • In 2023, India became the second-largest user of anti-dumping measures globally, following the US, with 45 investigations initiated and duties imposed in 14 cases.
  • India reduced its average tariffs to 17% from 18.1% in 2022 but increased its use of anti-dumping duties to protect domestic industries from unfair trade practices.
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