Impact of non-tariff barriers on Indian exports: An econometric analysis
Keywords:
Non-tariff barriers, OASIS, Panel data regression inAbstract
With the formation of World Trade Organization and subsequent liberalization in global trade, the non-tariff barriers (NTBs) have started to play a pivotal role in exports, especially from developing countries. In thiscontext, the current study attempts to find out the impact of non-tariff barriers on Indian exports. Panel data regression method and factor analysis were used to find out the impact of non-tariff barriers. Panel data had a time series component of 12 years (2001-2012) and cross section component of three countries for various parameters. The study identified that a 1% increase in number of export consignment rejections, on average, leads to 0.12% decline in value of Indian exports. On analyzing the Operational and Administrative System for Import Support (OASIS) data by U.S. Food and Drug Administration, it was found that rate of rejection of food products was very high compared to other categories like cosmetics, drugs, antibiotics etc. Proper awareness regarding quality parameters among the producers as well as harmonization of technical andfood safety standards will help to solve the problem to a great extent.Downloads
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