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Source: University of Waikato New Zealand recently signed the Regional Comprehensive Economic Partnership (RCEP), an historic trade agreement between fifteen economies in the Asia Pacific region covering almost a third of the world’s population. Formalised in November 2020, the decision to sign was supported with advanced economic modelling by a team of researchers, including University of Waikato Economics Professor Anna Strutt. Their analysis highlighted that a large proportion of the gains from this agreement are likely to come from reductions in non-tariff measures – countries’ policies or regulations (other than tariffs) that impact on imports or exports. “Our focus in international trade policy has traditionally been on tariffs, which are far easier to quantify,” says Professor Strutt. “But with trade agreements now tending to focus on broader areas, including non-tariff measures, we realised we were missing quite important parts of the story if we didn’t have

New zealandAlexey kravchenkoUnited nations sustainable development goalsUniversity of waikatoUnited nations sustainable development goals sdgsWorld bankUniversity of waikato economics professor anna struttCommission for asiaRegional comprehensive economic partnershipAsia pacificWaikato economics professor annaProfessor struttUnited nations sustainable developmentUnited nations economicSocial commissionபுதியது ஜீலாந்து