Title: The Impacts of Technical Standards on Global Trade and Economic Efficiency
Abstract: In summary, the fundamental role of multinational trade agreements such as the TPP and the TTIP is to eliminate tariff and non-tariff barriers across substantially all trade categories, which includes goods, services and investments in productive assets. The ultimate objective is to integrate national markets into regional ones and thereby realize greater efficiencies by facilitating specialization on the supply side and the realization of economies of scale through access to larger markets. Individual domestic economies will realize greater market opportunities and easier access to critical inputs, thereby promoting innovation, productivity, and overall competitiveness.
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot