Published 01 March 2020 | 1 minute read
As of 2018, trade costs directly related to tariffs were at about 1% for developed countries and at about 4% for developing countries.
With a notable exception of the increase in bilateral tariffs between the US and China, tariffs have remained substantially stable during the last few years with tariff protection remaining a critical factor only in certain sectors in a limited number of markets.
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UNCTAD
UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Their headquarters are located in Geneva, Switzerland, and they have offices in New York and Addis Ababa.
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