The World Trade Organization (WTO), the International Trade Centre (ITI) and the United Nations Conference on Trade and Development (UNCTAD) have published the 2024 edition of the World Tariff Profiles, a statistical yearbook that provides comprehensive information on tariffs and non-tariff measures imposed by WTO members and other economies. The “new special theme” of the edition is the in-depth analysis of tariffs on essential minerals which are fundamental to the electric vehicle value chain.
The report entitled “Global Tariff Profiles 2024” compiles the main tariff parameters of each of the 170 WTO members, as well as other countries and customs territories where data are available. Each one-page tariff profile contains information on the tariffs imposed by each economy on its imports, with a breakdown by sector and tariff range, and includes an analysis of the market access conditions faced by each economy in its main export markets.
The profiles on a page present more detailed data on each economy, tariffs are broken down by product group based on the 2023 Multilateral Trade Negotiations (MTN) categories, the product classification system used by the WTO for trade statistics and policy analysis. The profiles also provide tariffs imposed by the economy's major trading partners on their exports.
The publication includes statistics on the non-tariff measures, such as anti-dumping measures, countervailing measures and safeguards, are also presented by economy and by product group to complement the tariff data.
The “special theme” that introduces the edition deals with an in-depth analysis of tariffs on essential minerals that are fundamental to the value chain of Power PlantsThe report highlights “tariffs levied on cobalt, graphite and lithium,” which are crucial for the production of electric vehicle batteries and other renewable energy technologies. (Publication: World Tariff Profiles 2024)
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