World Bank Trade Indicators

August 21st, 2008 • Trade

Peter Gallagher points out the new World Bank World Trade Indicators as a good resource for comparing differing levels of openness to trade. For example, even though Australia is (rightly) known as a relatively low-tariff nation when it comes to agriculture, the WTIs show we have hidden barriers equal to up to 36% across the sector. I’m not sure I agree with Gallagher that this means quarantine and other procedures mean we are “paying way over the odds” for environmental protection though, I think people do place a high value on keeping Australia free from pests and disease. Certainly GM has shown that ‘pure food’ demands a premium.

Popularity: 1% [?]

Related posts:

1. World Bank + Google Maps
2. The World Bank and the carbon markets
3. US Iran Sanctions Stop World Bank Projects
4. Javatrekker – dispatches from the world of fair trade
5. Rodrik on free trade and prices

Tags: Trade, world-bank, wto

Trackback URI.