Issue 3 - 2012
During the past decades bilateral and multilateral trade agreements have led to a reduction in tariff-related barriers to global trade. But during the same period the world has experienced a steady rise in the number of non-tariff measures (NTMs). These NTMs can provide major challenges to local, regional and global trade in both goods and services as many companies struggle to comply with an increasingly complex web of polices and at times opaque technical standards. Today NTMs are among the biggest barriers to international trade.