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04/28/2020

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APEC Policy Support Unit| Asia-Pacific Economic Cooperation

Active trade policy responses bodog poker review are critical for alleviating the burden on healthcare systems, according to a new policy brief by the APEC Policy Support Unit.

The policy brief, titled “bodog poker review ,” highlights the importance of acting collectively to reduce or eliminate tariffs on medical goods permanently.

220_PSU_Policy Brief on Trade in Medical Products

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Key messages from this policy brief are:

  • The global trade in medical goods to support the fight against COVID-19 is significant, amounting to nearly USD 1 trillion.
  • APEC economies account bodog casino for 40.8 percent (USD 404.5 billion) of the global import value of medical goods and 28.8 percent (USD 271.8 billion) of the global export value.
  • More than 90 percent of the trade in medical goods by APEC involves 10 APEC economies.
  • Most APEC economies apply low most-favoured nation (MFN) tariffs to medicines and medical equipment, but impose higher tariff rates on the medical supplies and personal protective products that are essential to tackling the COVID-19 challenges.
  • bodog online casino Trade policy is an important tool to facilitate access to medical goods to cope with the challenges raised by COVID-19 and APEC is a relevant forum to strengthen efforts in this area.
  • APEC economies could discuss collective initiatives to permanently reduce or eliminate tariffs on medical goods; commit to avoid the implementation of any unnecessary trade-restrictive measures, particularly export restrictions affecting trade in medical goods; and commit to maintain bodog poker review supply lines open and functional.

To view the full report at the Asia-Pacific Economic Cooperation,  please click here