In 2017 the Institute for International Trade completed a significant study on the impact of Non-Tariff Measures (NTMs) along the supply and value chain throughout the region of the Association of Southeast Asian Nations (ASEAN), Australia and New Zealand.
This study, which was commissioned by the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) Trade in Goods Committee, was led by Dr Uwe Kaufmann of the Institute for International Trade, and involved consultations with more than 110 businesses and found that NTMs had significant implications throughout the region’s supply and value chains.
NTMs were perceived by businesses to adversely affect the competitiveness, increase the costs of doing business by raising uncertainty in international transactions, favor relatively larger enterprises, encourage the use of unethical behavior to facilitate trade, and led to overall barriers to the participation in trade for small and medium sized enterprises (SMEs).
The study resulted in a number of key recommendations which were adopted at the meeting of the 22nd AEM-CER Consultations (9 September 2017). These are expected to make addressing NTMs an ongoing part of AANZFTA’s work program, including making AANZFTA more business-friendly, giving stronger attention to the interests and concerns of SMEs, and encouraging good regulatory practice.
A full copy of the report outlining the findings of this study is now publicly available for download here.