New Trade Alert System Aims to Improve Market Access for Developing Countries
The World Trade Organization announced Nov. 8 the launch of a new online alert system designed to help government agencies and small and medium-sized enterprises keep track of the latest information on regulatory requirements for international trade. The ePing system, which was developed by the WTO, the United Nations Department of Economic and Social Affairs, and the International Trade Centre, will allow users to easily keep up-to-date with notifications of technical barriers to trade and sanitary and phytosanitary measures affecting foreign markets and products of particular interest to them.
The WTO states that in recent years the number of technical regulations and standards adopted around the world has grown significantly, with more than 3,500 TBT and SPS notifications to the WTO each year. As a result, producers and exporters can face significant costs in attempting to comply with these regulations and standards. The WTO anticipates that by improving access to information on these measures the ePing system will facilitate dialogue among the public and private sectors in addressing potential trade problems at an early stage.