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Asia-Pacific Trade and Investment Report 2019

Asia-Pacific Trade and Investment Report 2019:Published by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and UNCTAD
•Non-tariff measures (NTMs) have increased in the past two decades and are affecting trade as well sustainable development goals (SDGs) in Asian countries.
•NTMs affect 58 per cent of the trade in Asia-Pacific.
•The average cost of these measures alone amounts to 1.6 per cent of gross domestic product, roughly $1.4 trillion globally.
•NTMs allude to technical measures such as sanitary (for protection of human and animal health), and phytosanitary (for protection of plant health), or SPS, and Technical Barriers to Trade (TBT), which are related to environmental and sustainable standards that are set to block or slow down trade instead of regular tariffs or duties.

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