| --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|------------------------|-------|-----------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Trading with intelligence | | | | | | | | | How AI shapes and is shaped | | | | | | | by international trade | | | | Disclaimer This publication has been prepared under the WTO Secr ...

WTO ITC UNCTAD World Tariff Profiles 2024 SPECIAL TOPIC World Tariff Profiles 2024Tariffs on critical minerals in the electric vehicle value chain About this publication World Tariff Profiles is a co-publication of the WTO, ITC and UNCTAD on market access for goods. This annual publication provides comprehensive information on the tariffs and non-tariff measures imposed by over 170 countries and customs territories. Non-WTO members are included if data on the tariffs they applied in 2023 or 2022 are availab ...

Industry Overview - The report provides a comprehensive analysis of tariffs and non-tariff measures across 170+ countries and customs territories, focusing on market access conditions for goods [2] - It includes detailed tariff profiles for each country, covering both agricultural and non-agricultural products, with a focus on bound and applied tariffs [6] - The report highlights the importance of the Harmonized System (HS) nomenclature in standardizing tariff calculations and comparisons across countries [5] Key Findings on Tariffs - The average applied Most Favored Nation (MFN) tariff rates vary significantly across countries, with some like Bangladesh having an average of 14.1% while others like Hong Kong have 0% [11] - Many developing countries have high bound tariff rates, such as Angola with a bound tariff average of 59.1% and Bangladesh at 155.1% [11] - The share of duty-free tariff lines also varies widely, with countries like Singapore having 100% duty-free applied tariffs, while others like Angola have 0% duty-free lines [11] Focus on Electric Vehicle Supply Chain - A special section of the report examines tariffs on critical minerals used in the electric vehicle (EV) value chain, highlighting their importance in the global transition to clean energy [1] - The analysis covers the international trade dynamics of EV supply chains and the role of developing economies in this sector [4] - Tariff escalation patterns are discussed, particularly how tariffs may increase along the value chain from raw materials to finished EV products [4] Country-Specific Insights - China maintains a relatively low average applied MFN tariff of 7.5%, with 6.5% of its tariff lines being duty-free [11] - The United States has an average applied MFN tariff of 3.3%, with 46.5% of its tariff lines being duty-free [15] - Some countries like Chad and Central African Republic have extremely high bound tariff averages of 79.9%, reflecting their protective trade policies [11]