Global Trade Update (May 2026): Invisible barriers – the costs of non-tariff measures
HighlightTrade policy is becoming more interventionist. Tariffs are rising again, but they are not the main obstacle for most countries’ exports.Non-tariff measures (NTMs) such as regulations, mandatory standards or product requirements, now drive most trade costs. They shape who trades, what is traded and to which markets.For developing countries, this c...


















