Reducing non-tariff trade cost in RTAs : Case of Asia-Pacific Trade Agreement
지역무역협정(RTA) 비관세장벽의 완화 효과 : 아시아-태평양무역협정(APTA) 중심으로
- Resource Type
- Article
Text
- Authors
- Young Jun, Choi; Jing Huang; 최영준; 황정
- Source
- 무역통상학회지, 09/30/2016, Vol. 16, Issue 3, p. 263-281
- Subject
- 지역무역협정(RTA)
아시아-태평양 무역협정(APTA)
관세장벽
비관세장벽(NTMs)
Regional Trade Agreement (RTA)
Asia-Pacific Trade Agreement (APTA)
Trade tariff
Non-tariff Measures (NTMs)
- Language
- 영어(ENG)
- ISSN
- 1738-4354
The formation of regional trade agreements (RTAs) are changing the international trade, especially in terms of reduction and removal of tariff and non-tariff barriers. The Asia and the Pacific is not untouched with this phenomenon and the number of RTAs in the region has seen an increase since early 1990s. Asia-Pacific economies have turned now into major contributors to a global build-up of RTAs. Asia-Pacific Trade Agreement (APTA) as the oldest RTAs in this region. However do not have any studies focus on its tariff and non-tariff measure issues. Thus in this paper, we are using the gravity model, evaluates the impact of elimination of non-tariff related trade cost on intra-APTA exports keeping in view the future negotiating prospects of FTA. And evaluated that nowadays NTMs becoming much stronger determination factors in bilateral trade than the traditional tariff barrier measures which could provide restrict market access. The NTMs represent a challenge for exporters as well as importers and raise the price of goods traded.