The World Trade Organisation (WTO) will focus this year on non-tariff measures (NTMs) which are used by several countries to protect domestic producers, an issue consistently being raised by India in the multi-lateral trade meetings.
“Non-tariff measures [i.e. Policy measures, other than tariffs, that can potentially affect trade in goods] and services regulations are less transparent than tariffs. Some of them are in place for legitimate reasons…. Others are mainly used to protect domestic producers,” the WTO said in a statement posted on its website.
The WTO said it has initiated a debate: “Looking beyond international cooperation on tariffs” in the run-up to finalisation of trade report 2012. Read more here.
Date: January 9, 2012