What is the WTO Agreement on Technical Barriers to Trade (TBT)?
The WTO Agreement on Technical Barriers to Trade (TBT) is an international agreement that promotes the harmonization of technical regulations and standards with the goal of eliminating trade barriers created by differences in technical regulations and standards. It applies to both manufactured and agricultural products. In North Carolina, the WTO TBT Agreement is implemented through the N.C. Department of Agriculture and Consumer Services. The department works to ensure that the state’s technical regulations and standards are in accordance with the WTO TBT Agreement. The agreement is highly relevant in North Carolina as it ensures that the state’s export products meet the same standards used internationally. In addition, the WTO TBT Agreement is important for North Carolina businesses trading with other countries. This agreement establishes a set of internationally accepted standards that all countries must adhere to—regardless of their level of technological development or economic structure. This means that North Carolina businesses exporting goods can be sure that their products meet the same standards as those sold in any other country, creating a level playing field for trade. The WTO TBT Agreement also ensures that trade between countries is conducted in a fair and transparent manner. This helps to protect North Carolina businesses from unfair practices in international trade, such as dumping and subsidization, and helps to promote economic growth.
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