Thursday , May 6, 2021 |   21:29:35 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
WTO chief calls for urgency in vaccine access (See 'TII BREIF') US to support IP waiver at WTO for COVID-19 vaccines (See 'TII BREIF') Supplier sins & Recipient repents! - Part-I COVID-19 - Did I really BEAT the Virus? It was a scary combat! CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') CBDT specifies sovereign wealth fund for Singaporean investment in India (See 'Bulletin Board') Asia dominates global Container Port Performance Index (See 'TII BREIF') ADB's net allocable income reaches USD 1.13 bn (See 'TII BREIF') Energy prices push OECD inflation up to 2.4% in March (See 'TII BREIF') TP - RPM should be applied as the most appropriate method for determining the ALP of international transaction of purchase of material from AE but only upon carrying out the AMP intensity adjustment in the profit rate of comparables: ITAT (See 'Breaking News') I-T - Appeals having tax effect less than threshold limit prescribed by CBDT, merits dismissal per se without adjudicating case on merits: HC (See 'Breaking News') EIF delves deep into trade priorities for LDCs (See 'TII BREIF') OECD to release Inheritance Taxation report on May 11 (See 'TII BREIF') WTO boss announces 4 Deputy DGs (See 'TII BREIF') Pension Fund CDPQ Infrastructures Asia III Incnotified u/s 10(23FE) (See 'Bulletin Board') Pension Fund Caisse de depot et placement du Quebec notified u/s 10(23FE) (See 'Bulletin Board') Pension Fund CDPQ Fixed Income XI Inc notified u/s 10(23FE) (See 'Bulletin Board') Pension Fund Ivanhoe Logistics India Inc notified u/s 10(23FE) (See 'Bulletin Board')
 
TII SEARCH
 
 
   
Home >> News Brief
 

New WTO database details regulatory barriers to trade
By TII News Service
May 03, 2021 , Geneva

    

TRADE policy barriers such as tariffs and regulations account for at least 14 per cent of trade costs according to estimates from the new WTO Trade Cost Index which measures the cost of trading internationally relative to trading domestically, finding that the costs to export are higher for women, smaller businesses and unskilled workers.

Using estimates of bilateral trade costs for 43 economies and 31 sectors from 2000-18, the index provides for the first time a detailed breakdown of trade costs for both goods and services and which groups of producers and consumers bear them the most.

It complements other statistics the WTO provides on trade costs, such as average tariffs or the number of non-tariff measures, and gives a sense of the weight of these measures relative to other factors, such as transport and travel costs, information and transaction costs, information and communication technology connectedness, and governance quality.

"Trade policy barriers and regulatory – which include tariff and non-tariff barriers – make up the largest component of trade costs when low-income economies trade with each other," it finds, drawing attention to the high potential for policy reforms to boost trade among developing countries. Transport and travel costs comprise the largest share of trade costs when high-income economies transact with each other or with lower-income economies.

The index illustrates the evolution of trade costs over time, finding that global trade costs have declined by 15 per cent between 2008-18. On the export side, the most pronounced fall was observed in the newer European Union (EU) members of Latvia, Croatia, Bulgaria, Cyprus and Slovenia.

"Overall trade costs are found to be higher for women, small and medium-sized enterprises, and unskilled workers. This is partly explained by these groups' concentration in certain sectors such as in services," said the multilateral body.

The index finds that trade costs for services are higher than trade costs for agricultural goods, while trade costs for manufactured goods are the lowest.

Further updates to the index will look into capturing the cost of uncertainty in the global market, including from the COVID-19 pandemic, and will explore ways to produce timely estimates of trade costs to account for real time update of trade measures.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2020 | Privacy Policy | Taxindiainternational.com Pvt.Ltd. All rights reserved.