A PIDS study found that both the agriculture and manufacturing sectors are highly regulated by nontariff measures (NTMs). Nevertheless, the same study saw a negative correlation between NTMs and the growth of imports and exports, implying that NTMs are not necessarily barriers to trade. It concurs with the findings of an International Trade Centre study that the obstacles are actually procedural barriers such as numerous administrative requirements, redundant documents, informal payments, and unusually high fees and charges.
Know more about the study titled “Non-Tariff Measures in the Philippines” here:https://www.pids.gov.ph/publications/6736
Know more about the study titled “Non-Tariff Measures in the Philippines” here:https://www.pids.gov.ph/publications/6736
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