OECD News: Trade #5


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OECD News: Trade
N° 5, March 2015 Follow us on Twitter

This paper uses newly released OECD STRI data to analyse the relationship between services trade restrictions, cross-border trade in services and trade in downstream manufactured goods.


This paper presents the scoring and weighting methodology for calculation of the services trade restrictiveness indices (STRIs) for 18 sectors.


Results are driven by restrictions on market entry, for example in the form of foreign equity limits, as well as preferential treatment granted to state-owned financial institutions


Barriers to competition, reflecting inadequate regulation of incumbents with significant market power, and state ownership in some countries make the largest contribution to the index value.


The STR confirms the view that legal and accounting services are subject to a relatively high level of regulation, with Restrictiveness for legal services averaging 0.31.


These services are subject to very different regulatory frameworks and, while some progress in easing restrictions has been made, significant limitations remain in place.


Sound recording, i.e. music, is the most open of the three audio-visual services sectors where limitations on movement of people account for more than 40% of the index value.


Restrictions on foreign ownership and other market entry conditions significantly contribute to the results for almost half of the countries covered by the STRI.


The overall restrictiveness for construction services is relatively low, and higher levels of restriction can be largely attributed to general measures affecting all sectors of the economy.


Explicit barriers to trade in computer services are rare, but the sector is subject to a number of economy-wide restrictions facing all sectors.

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