World Trade Organization (WTO) Releases 'World Tariff Profiles (WTP) 2024,' Ranks India as Second-Largest User of Non-Tariff Measures (NTMs) in 2023

World Trade Organization (WTO) Releases 'World Tariff Profiles (WTP) 2024,' Ranks India as Second-Largest User of Non-Tariff Measures (NTMs) in 2023

Daily Current Affairs / World Trade Organization (WTO) Releases 'World Tariff Profiles (WTP) 2024,' Ranks India as Second-Largest User of Non-Tariff Measures (NTMs) in 2023

Change Language English Hindi

Category : Miscellaneous Published on: August 03 2024

Share on facebook

On July 27, 2024, the World Trade Organization (WTO), in collaboration with the International Trade Centre (ITC) and the United Nations Conference on Trade and Development (UNCTAD), released the 'World Tariff Profiles (WTP) 2024' in Geneva, Switzerland.
The report highlighted that India ranked as the second-largest user of Non-Tariff Measures (NTMs) among WTO members in 2023, primarily due to the initiation and imposition of anti-dumping duties, with the USA taking the first position.
India's average tariffs decreased to 17% in 2023 from 18.1% in 2022, indicating a reduction in tariff rates over the year.

Recent Post's

Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....
Weekly Current Affairs (29th March to 04th April 2026)
Read More....