Tariff Rates Fall After the WTO Is Founded
Since 1995, the average trade-weighted tariff rate (total tariff revenue divided by total value of imports) has continued to decline.
This line chart shows the global trends for the average trade-weighted tariff rate from 1988 to 2016. The tariff rate is measured by the total tariff revenue divided by the total value of imports. The data indicate that the tariff rates fell following the WTO's inception in 1995.
