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The Effect of the WTO/TBT Agreement on the Trade: MRQAP and Policy Implications

SunGwon Ha 1

1한국개발연구원

Accredited

ABSTRACT

This study analyzes the effect of the obligation of notification for WTO/TBT agreement on the international trade by the gravity model using Multi Regression Quadratic Assignment Procedure (MRQAP). The dependent variable of this study is the amount of exportation of 161 countries since 1995 to 2014. The independent variables are GDP, ratio of the number of notifications and etc. of each country. The results of the analysis are 1) the obligation of notification of technical regulations is effective for liberal trade between countries when exporters notify more TBTs(Technical Barriers to Trade). 2) Technical regulations need time for regulatory compliance of other countries. 3) The negative impact of many notifications on the trade has been reducing because of regulatory transparency. Through the results, this study suggests policy implications for Korean government. 1) notifying more TBTs to make transparency regulatory system. 2) expanding the TBT consortium for alerting and informing TBTs to regulatory targets, 3) expanding global market to emerging countries.

Citation status

* References for papers published after 2023 are currently being built.