With 37 problematic trade measures (tariff and non-tariff) hindering EU export and investment opportunities, China has taken over as the country with the highest stock of recorded trade and investment barriers, according to a report by the European Commission. Russia came a close second with 34 trade barriers currently in place, followed by India (25), Indonesia (25) and the United States with 23 barriers.
For instance, the United States imposed 10% tariffs on incoming aluminum and 25% on steel a year ago; while India introduced a requirement for veterinary certificates for imported leather goods; and China restricted trade with rules on food regulation and cybersecurity protection, the EU report said.
Other third countries with 10 or more trade and investment barriers in place include Turkey (20), Brazil (18), South Korea (17), Australia (15), Thailand (12), Mexico (11) and Algeria (10).
Countries With The Most Trade And Investment Barriers Encountered By The EU Companies, 2018
- China: 37
- Russia: 34
- India: 25
- Indonesia: 25
- United States: 23
- Turkey: 20
- Brazil: 18
- South Korea: 17
- Australia: 15
- Thailand: 12
- Mexico: 11
- Algeria: 10
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