Key statistics and trends in trade policy 2020 : the regional comprehensive economic partnership
The report analyzes trade policies and trends, focusing on tariffs, trade agreements, non-tariff measures, and the Regional Comprehensive Economic Partnership (RCEP) to understand their impact on global trade dynamics.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | United Nations |
| Publication date: | 2021 |
| Authors: | Alessandro Nicita |
| Geographic focus: | East Asia, Southeast Asia, Australia, New Zealand |
Methods
The research method involved analyzing trade data from various sources, including UNCTAD's TRAINS database, WTO's tariff schedules, and COMTRADE statistics. The study utilized statistical analysis to assess tariffs, trade agreements, and non-tariff measures across different countries and regions.
(Generated with the help of GPT-4)
Key Insights
The report provides a comprehensive overview of trade policies and trends, particularly highlighting the Regional Comprehensive Economic Partnership (RCEP), a significant trade agreement involving fifteen countries in East Asia and the Pacific. It discusses the stability of tariffs over recent years, with notable exceptions due to U.S.-China trade tensions. While tariffs remain a critical factor in certain sectors, non-tariff measures, including technical barriers and sanitary regulations, dominate international trade. The report indicates that trade costs related to tariffs are lower for developed countries compared to developing nations. It emphasizes the importance of preferential trade agreements (PTAs), noting that about half of global trade occurs under such agreements. The report also details the prevalence of non-tariff measures across various sectors, with agricultural products being particularly affected. Furthermore, it outlines the use of trade defense measures, which have seen significant activity, especially from developing countries. The report concludes by discussing the potential implications of the RCEP in reducing trade barriers and enhancing economic integration among member countries, which collectively represent a substantial portion of global GDP and trade.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2020s time horizon | English publication language | 2021 publication year | Australia geographic scope | East Asia geographic scope | New Zealand geographic scope | Southeast Asia geographic scope | agricultural trade | economic integration | manufacturing trade | non-tariff measures | preferential trade agreements | regional comprehensive economic partnership | tariffs | trade agreements | trade costs | trade defense measures