- Registration date2024-07-15
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The Ministry of Trade, Industry and Energy (MOTIE) announced on July 14 that the number of trade-related technical regulations issued by World Trade Organization (WTO) member countries during the second quarter (Q2) of 2024 amounted to 818, slightly lower than the 932 of Q2 2023. This adds up to a total of 2,009 technical regulations issued over the first half (H1) of this year, close to the 2,053 of H1 2023.
In accordance with the Technical Barriers to Trade (TBT) Agreement, WTO member countries are required to report cases of technical regulatory establishments and revisions that are viewed to significantly impact trade.
In Q2 2024, the U.S. issued the highest number of technical regulations (106), taking up 13 percent of total, followed by Egypt (62) and Brazil (55).
By industry, food and drug (23 percent), agriculture, livestock and fishery products (18 percent), and ceramic chemistry (16 percent) are among the sectors that issued the highest number of technical regulations this quarter, followed by electrical and electronics (14 percent).
Korea’s 15 top and emerging export destinations issued a total of 279 technical regulations, taking up 34 percent. They were led by the U.S. and China, pertaining to regulations concerning energy efficiency and electrical device safety requirements, respectively.