India Ranks Second in Non-Tariff Measures Usage in 2023, According to WTO-UNCTAD WTP 2024.
International
In 2023, India was the second-largest user of non-tariff measures (NTMs) globally, as reported by the WTO-UNCTAD World Trade Profile (WTP) 2024. Non-tariff measures are regulatory policies other than tariffs that countries use to control imports and exports. India's prominent use of NTMs reflects its strategy to protect domestic industries and manage trade effectively. This extensive application of NTMs includes various regulations, standards, and procedures impacting trade flows. The report highlights India's significant role in the global trade landscape, underscoring its influence in shaping international trade practices.
India's Ranking: India was the second-largest user of non-tariff measures globally in 2023, according to the WTO-UNCTAD World Trade Profile 2024.
The extensive application of non-tariff measures by India reflects its strategy to protect domestic industries and manage international trade effectively.
Chairman: Ngozi Okonjo-Iweala
Headquarters: Geneva, Switzerland
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