An UNCTAD update showed that while tariffs have risen, non-tariff measures like technical rules, health and safety requirements, and certification procedures remain the main driver of export costs, especially for developing economies.
Non-tariff measures drive trade costs for most countries, exceeding tariffs in 88 per cent of cases, and determine who can access markets and under what conditions.
Non-tariff measures drive trade costs for most countries, exceeding tariffs in 88 per cent of cases, and determine who can access markets and under what conditions.