Latest News | Standards Should Not Act as Non-tariff Barriers: Commerce Secy

Get latest articles and stories on Latest News at LatestLY. Standards for goods and services should help in promoting global trade and not act as non-tariff barriers, Commerce Secretary Sunil Barthwal said on Thursday.

New Delhi Nov 2 (PTI) Standards for goods and services should help in promoting global trade and not act as non-tariff barriers, Commerce Secretary Sunil Barthwal said on Thursday.

He said that standards should not be considered as non-tariff barriers but as some kind of non-tariff measures which can help in optimal results for both consumers as well as producers.

Also Read | Chhattisgarh Foundation Day 2023 Date and Significance: Know History of Chhattisgarh Rajyotsava Day When the State Was Formed.

"If this becomes the right oil for the trade system, I think a lot of trade restrictions will come down in trade and it will help us take the world trade to USD 30 trillion by 2025 and USD 2 trillion by 2030 for India," Barthwal said here at a G20 standards conclave organised by Bureau of Indian Standards.

Calling for harmonization in the standards ecosystem, he said that different countries are setting their own standards and that has a cost for global trade.

Also Read | Karnataka Rajyotsava Day 2023 Date: Know History and Significance of the Day When the State of Karnataka Was Formed.

Many times producers and exporters also face difficulty not because of the standards but "because of how they get implemented," he said adding there is an important need to have coherence in the workings of standard-setting bodies and collaboration in the compliance ecosystem.

"Therefore the task before us is how to improve not only standard setting of different products but also how to set up testing ecosystem, how to set up conformity ecosystem and how to see that trade does not suffer because of these standards," the secretary said.

In bilateral treaties, India is touching upon these issues because it feels that there should be a conformity assessment of standards-setting bodies.

"Another impression being created in the field of trade...is that if you look at the Global north and global south, you will find that although tariff barriers have come down, trade flows are much easier these days but there is a rise in non-tariff barriers," he said.

He added that standards are supposed to be non-tariff measures and should look at the interest of consumers so that they get the right kind of products.

"But gradually what we are seeing is that non-tariff measures are becoming non-tariff barriers...we need to discuss among ourselves that how standards should not be seen as non-tariff barriers but some kind of non-tariff measures perhaps which can result in optimal output or results for both consumers as well as producers," Barthwal said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)

Share Now

Share Now