❖ 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 antidumping 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.