ASL-CII Study on SPS & TBT Notifications Issued at WTO in 2016- Trends & Analysis
Over the years countries have issued a large number sanitary and phytosanitary (SPS) & technical barriers to trade (TBT) regulations and measures under the World Trade Organization (WTO) umbrella that have a bearing on global trade.. However there has been very little analysis on the trends involved in the issue of these SPS and TBT notifications.
With a view to understand the trends, the Confederation of Indian Industry (CII) and APJ-SLG Law Offices (ASL) have conducted this study on the publicly available SPS and TBT notifications of 2016 issued by the WTO on its website. The study focuses on eight sectors- steel; fish and fish products (aquatics); chemical products; milk and milk products (dairy); plant and processed products; pharmaceuticals; textiles; and auto and auto components.
These sectors comprise a significant portion of world trade. The year 2016 is significant as world trade had dipped in 2015 after growing for a period of over five to six years.
The study not only analyses the trends in these notifications but also suggests a way forward for industry to focus on these issues better.
Click here to access the full study report