New blog 📝What the 🇨🇳China-critics miss (or deliberately leave out) when they accuse undue influence in #Sweden, is… https://t.co/JYw1SLWbVjBLOG. "Regardless of how newly-independent #Britain makes its way in the world, the #EU without Britain will change… https://t.co/Tk666w2bnMBLOG. "While the #Trump Administration alienated the Irish – along with much of the rest of the world – #Biden appe… https://t.co/VkCzy1UVHLBLOG. "Now, more than ever, #international economic cooperation is in everyone’s interest. In #trade, that means r… https://t.co/vjWWpJsiNQ"Sustained prosperity happens when individuals are allowed to cooperate freely – within and across borders. That’s… https://t.co/YFvuGJgsmy
This paper shows that private product standards in EU food and agriculture markets can have significant trade effects. In particular for developing countries and for goods that are perishable or only lightly processed, EU standards can often be trade-inhibiting. However, internationally harmonized EU standards—those that are equivalent to ISO norms—have much weaker trade effects, and in some cases are even trade-promoting. At a policy level, our results highlight the importance of dealing with the trade effects of private standards in major markets, not just mandatory public standards.