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9 nations with highest trade barrier number G20 economies
06
Jul '18
Nine nations with the highest number of trade barriers are G20 economies, according to the 2017 European Commission (EC) Report on Trade and Investment Barriers released recently. The highest stock of barriers was observed in Russia with 36 recorded measures and the second highest number was in China (25), followed by Indonesia (23), India (21) and Brazil (21).

Other countries with 10 or more trade and investment barriers registered include South Korea (20), Turkey (20), the United States (20), Australia (14), Thailand (12), Argentina (11) and Mexico (10), said the report.

The highest occurrence of new barriers last year was reported in the trade and investment relations with China (10), followed by Russia (6), South Africa (4), India (3) and Turkey (3). The Euromed region as a whole saw seven new barriers emerge in 2017.

Forty five of the previously registered trade barriers could be fully or partially resolved last year in 13 economic sectors, including aircraft, automotive, ceramics, machinery, pharmaceuticals, medical devices and textiles & leather.

China was first in line with seven trade barriers resolved, followed by Brazil, Turkey and Canada (3 each), Argentina, India, Saudi Arabia, Taiwan and United Arab Emirates (2 each). (DS)

Fibre2Fashion News Desk – India


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