Presentation by Massimo Geloso Grosso, Trade Policy Analyst, Trade in Services Division, OECD Directorate for Trade and Agriculture, during the meeting of the OECD Global Parliamentary Network in Mexico City (23-24 June 2014).
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Trade: the OECD Services Trade Restrictiveness Index
1. THE SERVICES TRADE
RESTRICTIVENESS INDEX
(STRI)
OECD Global Parliamentary Network Meeting
Mexico City, 23 June 2014
Massimo Geloso Grosso
OECD Trade and Agriculture Directorate
2. What is the STRI?
A regulatory database
• Filled in by the Secretariat, verified and peer reviewed by Members
• Information on regulation, link to source (law/regulation), explanation
where needed. Contains information in more than 16000 laws and
regulations
• Online, frequently updated
• Interactive
Composite indices
• A snapshot of trade restrictiveness, 18 sectors, 40 countries
7. Countries with high regulatory barriers import
less, but also export less services
0%
1%
2%
3%
4%
5%
6%
7%
8%
Air Insurance Banking Legal services
Estimated growth in trade
from lowering the STRI
Importer’s
STRI
Exporter’s
STRI
9. • Benchmarking and sequencing domestic
policy reform
• Analysis of regulatory spillovers along
GVCs
• Source of information for trade
negotiators
Use of the STRI