TRADE COSTS OF NON-TARIFF MEASURES NOW MORE THAN DOUBLE THAT OF TARIFFS IN ASIA-PACIFIC REGION

On 14th October, the UN Conference on Trade and Development announced the Asia-Pacific Trade & Investment Report 2019, which says that non-tariff measures (NTM) are now affecting around 58% of trade in Asia and the Pacific.  These NTM can include government procurement limitations, subsidies to export and import restrictions as well as import and export bans through unilateral or multilateral sanctions. Meeting these complex and often opaque rules can require significant resources, affecting in particular SME.  Most of the NTM are technical regulations, such as sanitary and phytosanitary requirements on food.  In summary, while applied tariffs in the Asia-Pacific region have halved over the past 2 decades, the number of NTM – policy regulations other than tariffs affecting international trade – has risen significantly.

https://www.unescap.org/publications/APTIR2019

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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