Trade: the OECD Services Trade Restrictiveness Index

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OECD - Organisation for Economic Co-operation and Development

Presentation by Massimo Geloso Grosso, Trade Policy Analyst, Trade in Services Division, OECD Directorate for Trade and Agriculture, during the meeting of the OECD Global Parliamentary Network in Mexico City (23-24 June 2014).

Government & Nonprofit

THE SERVICES TRADE
RESTRICTIVENESS INDEX
(STRI)
OECD Global Parliamentary Network Meeting
Mexico City, 23 June 2014
Massimo Geloso Grosso
OECD Trade and Agriculture Directorate

What is the STRI?
A regulatory database
• Filled in by the Secretariat, verified and peer reviewed by Members
• Information on regulation, link to source (law/regulation), explanation
where needed. Contains information in more than 16000 laws and
regulations
• Online, frequently updated
• Interactive
Composite indices
• A snapshot of trade restrictiveness, 18 sectors, 40 countries

STRI sector coverage
• Computer services
• Construction
• Professional services
– Accounting
– Architecture
– Engineering
– Legal services
• Telecommunications
• Distribution
• Audio-visual services
– Motion pictures
– Broadcasting
– Sound recording
• Transport
– Air
– Maritime
– Rail
– Road
– Courier
• Financial services
– Commercial banking
– Insurance

0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
TelecomMexico
STRI Telecoms

STRI Telecoms
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
Restrictions on foreign entry Restrictions on the movement of people
Other discriminatory measures Barriers to competition
Regulatory transparency Average

STRI legal services
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
Restrictions on foreign entry Restrictions to movement of people Other discriminatory measures
Barriers to competition Regulatory transparency Average

Countries with high regulatory barriers import
less, but also export less services
0%
1%
2%
3%
4%
5%
6%
7%
8%
Air Insurance Banking Legal services
Estimated growth in trade
from lowering the STRI
Importer’s
STRI
Exporter’s
STRI

0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
Water in the GATS (average across sectors)
Level of trade restrictiveness permitted
by the GATS (bound level)
Actual level of trade restrictiveness (STRI)

• Benchmarking and sequencing domestic
policy reform
• Analysis of regulatory spillovers along
GVCs
• Source of information for trade
negotiators
Use of the STRI

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