Rice is one of the most trade protected products in the world. The number of new Non-tariff Measures (NTMs) on rice importing and exporting applied in the last ten years was twice as much as the total number of NTMs of the previous 95 years. NTMs limits the rice import quantities by quotas, quality requirement, and affects the domestic price. This study assesses the direct impact of NTMs on the rice import volume to find the Ad-valorem Equivalents (AVEs) – the values that can be compared directly with tariffs to estimate the overall impact of tariffs and NTMs on rice price. The estimated AVEs results of NTMs was much higher than the tariff rate. The average estimated AVEs result of 73 countries was 111%, which was almost ten times higher than the average tariff rate. The highest AVEs value is 324% of Austria, the lowest AVEs value is 24% of Trinidad and Tobago, followed by 31% of Antigua and Barbuda, 48% of Barbados. In major rice importing countries, the impact of NTMs on price is significantly high, as result of China was 197%, Saudi Arabia was 96%, the United Arab Emirates was 87%, Benin was 92%, and Indonesia was 104%.
【 预 览 】
附件列表
Files
Size
Format
View
Estimating Ad-valorem Equivalents of Non-tariff Measures on Rice Trade