Search Results (34)

Saudi Arabia implements a wide range of non-tariff measures on imports and exports. Different research articles have quantified the effect of non-tariff measures on trade, but their effect on Saudi Arabia has not been quantified. The major objective of this paper is to quantify the effect of non-tariff measures on the imports of Saudi Arabia. Panel data from 2000 to 2022 for four major regions trading with Saudi Arabia are used to estimate the panel ARDL gravity model. The results of the bound test confirm the presence of a long-run association between the model variables. In the long-run, the per capita income of Saudi Arabia is the main determinant of imports. In contrast, in the short-run the per capita income has no influence, and the non-tariff measures have a negative effect on import value. At the cross-sectional level, the results confirm the negative effect of non-tariff measures on the selected trade partners with varying degrees. The results ascertain the detrimental effect of the application of technical and non-technical measures on Saudi Arabia’s imports. We recommend policymakers in Saudi Arabia adopt a more transparent policy of NTMs application that leads to a sustainable supply of goods and services and ensures sustainable trade. Full article

While tariff liberalization under regional trade agreements has progressed, non-tariff measures (NTMs) have emerged as a significant impediment to the realization of full trade potential, particularly in the agriculture sector where NTMs are especially prevalent and in the Southern African Development Community (SADC) where intra-regional trade is low. Despite the extensive available literature on this subject, the impact of NTMs on trade efficiency in the SADC has hardly been explored. Against this background, this study estimates the impact of NTMs on the efficiency of South Africa’s bilateral agricultural trade with 11 SADC member states using data from 2011 to 2022 and a stochastic frontier gravity model. The average efficiency is found to be 45.6 percent, implying that more than half of South Africa’s agricultural trade potential remains unrealized in the region due to inefficiencies. NTMs are found to be a source of inefficiency, the effect of which is larger than that of tariffs by a factor of 6. This result emphasizes an urgent need for harmonizing NTMs across SADC member states to reduce compliance costs which are associated with trade inefficiency. The study contributes to the literature by treating NTMs as man-made trade resistances that affect trade efficiency rather than trade volumes. Full article

The European Union has implemented various trade policies in the textile and clothing sector, a major global employment generator, over the past three decades. This paper investigates how these evolving policies have impacted the four largest exporters of textiles and clothing to the EU. A notable trend emerges: India’s share of the EU market has declined and China has stagnated, while Bangladesh and Vietnam have seen significant gains. Using an Augmented Gravity Model, the study examines whether this shift is a result of broader global market dynamics or specific consequences of the EU’s tariffs, non-tariff measures, and its preferential trade agreement—the Everything But Arms initiative—with Bangladesh. Drawing on New Trade Theory, the research explores the interplay between these policies and their differential impact on developed (China), developing (India and Vietnam), and least-developed (Bangladesh) countries. It highlights the strategic role of NTMs and questions whether the EU’s focus on supporting least-developed countries might unintentionally undermine trade fairness for other nations within the global textile and clothing market. The paper contributes to the ongoing policy debate on strengthening the India–EU trade relationship, particularly in the context of current discussions around the India–EU Free Trade Agreement. Full article

Higher levels of quota granted can induce and increase exports, but the impact is not the same across all tariff lines. Answers are sought to the question of how the level of exports changes as the quota size of tariff rate quotas changes, thus enabling the investigation of whether unilateral quotas granted to South Africa by the European Union have influenced fruit products’ export flows in the presence of non-tariff measures. Drawing on panel data regression techniques, this study observes five fruit products’ tariff rate quotas repeatedly from 2004 to 2021. It also incorporates a variable to capture non-tariff measures based on the data from the WTO I-TIP database. The findings indicate a positive relationship between quota size and exports, further showing that for a given quota size, the increase in exports is small in the presence of non-tariff measures. These findings draw attention to future trade reforms that focus on seeking the expansion of quota size for the most productive tariff lines in terms of export growth while aiming for the simultaneous reduction of non-tariff measures and tariff rates. Full article

Asia accounted for 167.1 million tons of global fisheries and aquaculture production, 75 percent of the world’s total. Seafood, especially aquaculture products, is a dominant and growing sector and crucial in the Asia-Pacific region for ensuring global food security, supporting sustainable livelihoods, reducing poverty for small-scale fisheries, and promoting environmental sustainability. However, amidst the current backdrop of the World Trade Organization (WTO)‘s inefficiency and dysfunctional mechanism, coupled with a slowdown in global economic growth and the resurgence of trade unilateralism and protectionism, these challenges have created significant barriers to trade, limiting market access and hindering the sustainable growth of the seafood industry. The implementation of the Regional Comprehensive Economic Partnership (RCEP) offers Asia-Pacific economies a promising opportunity to expand trade and stimulate economic growth sustainably. In this study, we aim to provide a comprehensive overview of the potential effects of the RCEP on aquatic products trade among the parties. A key marginal contribution in our study is that we adjusted the existing tariff rates under other FTAs to the same period as tariff rates under RCEP and compared the concession rates between these different FTAs to clearly illustrate the potential tariff effects of RCEP. On the non-tariff side, we analyze specific provisions in the RCEP agreement that could potentially affect aquatic products trade and evaluate their possible impacts. The results showed that, as of 2022, in almost all RCEP parties, the average tariffs under the RCEP agreement are generally higher than those under other existing FTAs, which indicates that the tariff concession efforts under RCEP are limited for most parties. However, due to certain progressiveness compared to other FTAs in terms of its provisions on non-tariff measures, such as rules of origin, sanitary and phytosanitary measures (SPS) regulations, etc., RCEP has the potential to benefit a broader range of countries and products, making market access more convenient and inclusive for the seafood industry. Full article

This study examines the effects of the Regional Comprehensive Economic Partnership (RCEP) on the value-added trade of food and non-food sectors. This study uses a global computable general equilibrium (CGE) model coupled with an extension module for the origin decomposition of value-added flows embodied in gross trade. The results suggest that by cutting down tariff and non-tariff barriers, the RCEP would significantly stimulate the economies of and gross trade among Asia–Pacific countries involved in the agreement. The potential benefits of the RCEP will be overestimated if we ignore the origin of value added and measure the benefits by gross exports. The domestic components of bilateral value-added flows between RCEP members would increase greatly, indicating an increasingly integrated value chain between RCEP members. Import taxes and non-tariff barriers for processed food, textiles and clothes, and heavy manufacturing are relatively significant in the region, so the RCEP would significantly improve their value-added exports. The domestic component of value-added exports in agricultural products and processed food from RCEP members would be increased significantly, indicating that the closely integrated food value chain boosts the food economies of RCEP members. Full article

Citizen-driven approaches are promising to overcome the challenges in the energy transition of geographical islands. However, the economic profitability of related activities must be ensured to achieve the intrinsic and sustainable uptake of related solutions in an island’s communities. Here, we investigate the long-term (2020–2054) economic profitability of solar-based prosumption on islands belonging to the European Union (EU), soft-linking energy system modelling and actor-related cash-flow analysis. This combination considerably extends common assessments of the profitability of renewable energy technology and long-term projections of island energy systems. We base our case study on the French overseas territory of Mayotte, discussing household affordability and the socio-economic impact of prosumerism. These topics are relevant to transferability on non-EU islands. The profitability of investments in PV depends on (i) the size of the PV system, with larger systems (>9 kWp) profiting from lower specific investment costs compared to smaller systems; (ii) the time of investment, with more profitable investments to be expected in early periods; (iii) the level of decarbonization of the entire energy sector, with an ongoing decarbonization reducing the compensation or energy-saving possibilities; and (iv) the market behavior, with the practice of feeding in all electricity produced rather than self-consuming energy offering a higher expected return on investment under current feed-in-tariff (FiT) compensation schemes. We introduce various policy measures to improve solar rooftop PV profitability and discuss their trade-offs and effectiveness. While indirect subsidies via FiT are generally effective in improving PV profitability, they undermine efforts to incentivize decentralized self-consumption. From the perspective of harmonizing efforts in the energy transition of African and European islands, we recommend a careful evaluation of the trade-offs in relevant regulations required for the economic incentivization of prosumers to achieve compatibility with the principles of a citizen-driven and just energy transition. Particular attention must be paid to context-specific socio-economic characteristics, including low access to financial resources and non-financial access barriers, including legal status. Full article

The EU Carbon Border Adjustment Mechanism (CBAM), which is regarded as the EU’s key policy tool to address carbon leakage, might have a non-negligible impact on China’s exports, as China is an important trading partner for the EU’s carbon-intensive products. This paper uses the GTAP-E model to simulate the impact of the EU CBAM on China’s exports to the EU from four aspects, export price, trade structure, trade value and terms of trade, by setting up multiple scenarios. The results show that the EU CBAM reduces the export prices of China’s taxed sectors to the EU, and that the export prices of other sectors show the same change characteristics. The export volume of China’s taxed sectors decreases differently with the export transfer effect and export inhibition effect. In terms of trade value, the EU carbon tariffs not only reduce China’s export value but also lead to a reduction in EU exports. The implementation of the EU CBAM improves the terms of trade of the EU and worsens the terms of trade of China. An expansion of the scope of taxation and a change in the calculation method of carbon emissions would aggravate the change in the terms of trade. The results suggest that feasible measures should be taken to strengthen international cooperation, promote the construction of a unified national carbon market and export diversification, and establish a firm carbon emission accounting system in order to mitigate the negative impact of the EU CBAM. Full article

Bronchial asthma is characterized by variable airflow obstruction, airway inflammation, and bronchial hyperresponsiveness (BHR) to non-specific stimuli. The role of underlying airway inflammation and of related long-lasting BHR has been suboptimally investigated in teenagers with mild-to-moderate asthma, as has the corresponding economic impact over time. The aim of the present study was to calculate the cost of mild-to-moderate atopic asthma in teenagers arising from their degree of persisting BHR over a twelve-month period. Methods: Patients aged 12–18 years with mild-to-moderate symptoms treated with fluticasone fumarate/vilanterol 92/22 mcg daily were retrospectively followed for 12 months. Usual spirometric parameters, BHR to methacholine (MCh), and resource consumption (visits, hospitalizations, systemic steroids and/or antibiotics courses, school days off) were assessed at recruitment (the index date) and after 6 and 12 months. Adherence to treatment was also calculated. The cost of asthma was calculated based on Italian tariffs and published papers. The trend over time in BHR and the association between response to MCh and total cost were investigated by using regression models adjusted for repeated measures. Results: 106 teenagers (53 males, age 15.9 ± 1.6 years) were investigated. The annual cost of asthma proved significantly related to the BHR trend: every increment of a factor 10 in the response to MCh was associated with a saving of EUR 184.90 (95% CI −305.89 to −63.90). BHR was progressively optimized after 6 and 12 months in relation to the patients’ compliance to treatment (≥70% of prescribed inhalation doses). Conclusions: the usual spirometric parameters are largely insufficient to reflect the effects of underlying persistent inflammation in milder forms of asthma in teenagers. In terms of clinical governance, the periodic assessment of non-specific BHR is the appropriate procedure from this point of view. Non-specific BHR proves a reliable procedure for predicting and monitoring the economic impact of mild-to-moderate asthma in teenagers over time. Full article

The interconnected global trading system has proved to be both vulnerable and resistant to crises, despite its asymmetries. The global trading system is constantly changing under the influence of such factors as the digitalization of economic processes and the growing number of nontariff measures to regulate trade volumes, including trade protection measures introduced by countries in order to ensure national economic interests etc. This article analyzes the impact of the tariff and nontariff instruments of export and import regulation on the asymmetries of the global trading system across countries and separate customs territories, depending on their presence in geographical regions or groups of countries associated with different levels of economic development. In order to quantify the possible asymmetries in the global trading system, analysis of variance and regression analysis are applied to explain the variance in the volume of global trade. The regression models for the dependence of export volumes on a number of trade indicators are fitted for developed, developing, and least-developed countries alongside the global trading system as a whole. The research showed that asymmetries of the global trading system exist on the global, regional and bilateral levels. In this research, two types of asymmetries are discussed: asymmetry directly and indirectly linked to international trade processes. To ensure economic development, the global trading system must be modernized so as to reduce the asymmetry. Accordingly, in order to increase effectiveness of the World Trade Organization, suggestions are proposed in regards to reconsidering trade-dispute settling, improving the monitoring of members’ obligations, increasing negotiation process efficiency and defining criteria for categorizing members according to their economic development. Full article

The relationship between India and ASEAN has emerged as a crucial basis of their foreign policy. Both the regions signed a Free Trade Agreement in 2009, which came into effect in 2010. They are now reviewing the FTA to further enhance their economic cooperation. At this critical juncture, this study aimed to analyze the trade and export relationship between India and ASEAN and examine the extent to which the AIFTA effectively influenced it. Additionally, the study intended to determine what other factors influenced the trade and export relationship between the two regions and what future changes are needed in order to make this partnership mutually beneficial. To fulfill this objective, a gravity model was applied to a panel data from 2000–2019. A random effect model was utilized for the estimation. The empirical analysis concludes that the adoption of the AIFTA increased trade significantly; however, had no significant impact on raising exports. The study has identified rising NTMs as one of the important variables impeding realization of India’s export potential to ASEAN. This study suggests that in order to increase India’s exports and for the future of the FTA, India needs to emphasize on building stronger and extensive relationships with those countries in the ASEAN that are witnessing a higher GDP growth rate, such as Cambodia, Malaysia, the Philippines and Vietnam. Full article

Today’s geopolitical and economic situation (negative economic effects of COVID-19; war in Ukraine) adversely affects the energy market situation. These circumstances make it necessary to quickly adapt the previously adopted long-term strategies for transforming the energy market to maximise the country’s energy security through greater diversification and energy self-reliance. The legal systems of the Member States, including Poland, provide for various instruments to support the production of electricity from renewable sources. However, each Member State has a different potential for producing energy from renewable sources (later as RES), so the measures used to promote the use of energy from renewable sources in the broad sense are tailored to achieve the desired level of renewable energy production, particularly under EU law. For this reason, a variety of support models are used in the Member States, which are subdivided into direct (e.g., feed-in tariffs) and indirect (e.g., tax credits). However, state support schemes for renewable energy production do not always allow producers to have stable, long-term revenues and sources of additional income that guarantee the possibility to raise external financing for RES projects. However, irrespective of the support measures used in individual countries, European electricity markets (following the American system) have created a non-public instrument—the power purchase agreement (later PPA or PPAs). In 2021 alone, Europe saw record volumes of renewable energy contracted under PPAs—6.9 GWh. Despite the importance of PPAs for the development of renewable energy (most evident in the Danish, Finnish, British and Norwegian markets), Polish legal acts do not apply this contractual construct. Although Polish law creates the possibility for energy market participants to establish PPAs, these agreements will not be a key instrument for the development of renewable energy at the local level, as they are not a sufficient alternative to the current public forms that support renewable energy generation in Poland. This analysis proves that the existing status of regulations in Poland means that PPAs have limited significance and are rather dedicated to entities that will be able to face up to administrative, legal and technological barriers as an addition to the public support system. The analyses conducted are theoretical in nature. The research is based on the dogmatic approach (the analysis of the law in force) applied in the science of law, which is part of the social sciences. Full article

Shifting from heating using fossil fuel combustion to electrified heating, dominated by heat pumps, is central to many countries’ decarbonisation strategy. The consequent increase in electricity demand, combined with that from electric vehicles, and the shift from non-renewable to renewable generation requires increased demand flexibility to support system operation. Demand side response through interrupting heating during peak demands has been widely proposed and simulation modelling has been used to determine the technical potential. This paper proposes an empirical approach to quantifying a building’s potential to operate flexibly, presenting a metric based on measured temperature drop in a dwelling under standard conditions after heating is switched off, using smart meter and internal temperature data. A result was derived for 96% of 193 homes within a test dataset, mean temperature drop of 1.5 °C in 3 h at 15 °C inside-outside temperature differential. An empirical flexibility metric may support decision making and decarbonisation. For households it may support the transition to heat pumps, enabling time of use costs and tariffs to be better understood and system to be specified by installers. Electricity system stakeholders, such as aggregators and DNOs may use it to identify the potential for demand response, managing local networks, infrastructure and aggregation. Full article

India and the Republic of Korea (ROK) are on the path to forging deeper economic cooperation. Both countries signed a Comprehensive Economic Partnership in 2009, which was in effect in 2010, and agreed to reduce and/or eliminate tariffs on goods. In this paper, we examine the sectors—both merchandise goods and services—where India and the ROK have a comparative advantage. We analyze the tariffs and non-tariff measures in the context of India–ROK trade and the gains from trade that can result from a reduction in tariff barriers. Our results suggest that India has a comparative advantage in services and the ROK in merchandise goods. Therefore, future negotiations must focus on India offering market access to the ROK’s merchandise goods and the ROK providing access to India’s services. Full article

In this paper, an introduction and comprehensive analysis have been presented for the implementation and application of modern smart meters which include Unbundled Smart Meters (USM) and Next-Generation Open Real-Time Smart Meters (NORM). This article also contributes to methods through which USM and NORM could provide a better perspective to the already available technologies for grid-tied-inverter controlled feeding renewables to the grid. The research proposes a next-generation smart meter model with the feature of a phasor measurement unit. The meter is further integrated with a controller board that controls the power injection from the inverter to the grid based on the real-time data obtained from the smart meter. The inverter is simulated with an open-circuit fault and is controlled to provide non-oscillatory power to the grid based on an instantaneous grid power factor or phase requirement. The proposed meter has the flexibility to add additional features to control the inverter based on other grid requirements such as active and reactive power control, tariff implementation, etc. This manuscript provides the analytical aspects of the use of smart meters in efficient energy management and also addresses the need for smart technologies for grid modernization. Full article