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
  • Monsoon Session adjourned sine die after 21 sittings and 15 Bills passed.

    Read More....
  • Govt extends Fortified Rice Scheme till 2028 with ₹17,082 crore funding.

    Read More....
  • UIDAI launches Aadhaar authentication framework for Cooperative Banks nationwide.

    Read More....
  • Supreme Court bans public feeding of stray dogs; Delhi civic body to set feeding zones.

    Read More....
  • PM Modi inaugurates ₹13,000 crore projects in Gaya, including ₹1,870 crore Ganga bridge.

    Read More....
  • Cyberattack on DaVita compromises data of 2.7 million patients, costing $13.5 mn.

    Read More....
  • Meta signs $10 bn, six-year deal with Google Cloud to boost AI development.

    Read More....
  • India bans all bilateral sports events with Pakistan across disciplines.

    Read More....
  • HDFC Bank invests in BharatGPT developer CoRover to promote sovereign AI.

    Read More....
  • New moth species Carcina ingridmariae identified after decades of confusion.

    Read More....