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Addressing NTMs to facilitate trade through coordinated policy interventions
- Source: International Trade Forum, Volume 2018, Issue 4, Nov 2018, p. 12 - 13
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- 09 May 2021
Abstract
Notwithstanding the recent escalation in tariffs for protectionist purposes, there has been an exponential rise in the use of non-tariff measures (NTMs) globally. This has coincided with consumers, especially in the developed world, becoming more conscious of the quality of what they consume and buy. As a result, governments are resorting to using NTMs for their national development goals. According to the Global Trade Alert (GTA), only 15% of the harmful policy instruments since the 2008 global financial crisis were due to policy measures while the rest were related to NTMss.
© 2018 United Nations