Protectionism and Non-Tariff Measures: Myths and Truths

Abstract

Rising protectionism has recently become an increasing concern amongst a number of trade economists and policymakers. At the 2017 G20 Hamburg summit, G20 leaders agreed to fight protectionism includ-ing all unfair trade practices. However, the language of the final decla-ration on trade was weak and ambiguous. It did not suggest any promis-ing way forward. Although international organizations and fora including the World Trade Organization (WTO) have made an effort to fight against protectionism, we have yet to see much progress. It has become more common these days to see domestic politics win over global agenda.