OECD SERVICES TRADE RESTRICTIVENESS INDEX (STRI) Presentation, ITC/WTO 8 September 2014
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OECD SERVICES TRADE RESTRICTIVENESS INDEX (STRI)
Presentation, ITC/WTO 8 September 2014
What is the STRI?
A regulatory database
» Information sourced from laws and regulations in place
(currently covers more than 16000 laws and regulations)
» Verified and peer reviewed by governments, frequently updated
» Available online, highly interactive
Composite indices
» A snapshot of trade restrictiveness, 18 sectors across 40 countries
» STRIs take values between zero and one, one being the most restrictive
0% 20% 40% 60% 80% 100%
Gross exports
VA exports
FDI inward
GDP
Employment
Services shares, OECD average
OECD
Why the STRI?
STRI sector coverage
» Computer services
» Construction
» Distribution
» Financial services › Commercial banking
› Insurance
» Professional services › Accounting
› Architecture
› Engineering
› Legal services
» Telecommunications
» Transport › Air
› Maritime
› Rail
› Road
› Courier
» Audiovisual services › Motion pictures
› broadcasting
› sound recording
STRI legal services
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
Restrictions on foreign entry Restrictions to movement of people Other discriminatory measures
Barriers to competition Regulatory transparency Average
STRI Telecoms
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
Restrictions on foreign entry Restrictions on the movement of people
Other discriminatory measures Barriers to competition
Regulatory transparency Average
STRI Commercial banking
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
AU
S
AU
T
BE
L
BR
A
CA
N
CH
E
CH
L
CH
N
CZ
E
DE
U
DN
K
ES
P
ES
T
FIN
FR
A
GB
R
GR
C
HU
N
IDN
IND
IRL
ISL
ISR
ITA
JP
N
KO
R
LU
X
ME
X
NL
D
NO
R
NZ
L
PO
L
PR
T
RU
S
SV
K
SV
N
SW
E
TU
R
US
A
ZA
F
Restrictions on market entry conditions Restrictions on the movement of people
Other discriminatory measures Barriers to competition
Regulatory transparency Average
STRI (average, minimum and maximum
scores by sector)
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
Minimum
Maximum
Average
h
Countries with high trade barriers import less,
but also export less services
0%
1%
2%
3%
4%
5%
6%
7%
8%
Air Legal services Insurance Banking
Estimated growth in trade from lowering the STRI
Imports
Exports
Services trade restrictions matter for
services performance in banking,…
Domestic credit to private sector by banks (% of GDP) Net interest margin
0%
20%
40%
60%
80%
100%
120%
140%
Low STRI Medium STRI High STRI0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
Low STRI Medium STRI High STRI
….In transport…
Maritime transport and STRI Road transport and STRI
05
10
15
Days
Low_STRI Middle_STRI High_STRI
time for imports time for exports
05
10
15
20
Days
Low_STRI Middle_STRI High_STRI
time for imports time for exports
And in telecoms…
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
0 10 20 30 40 50 60 70 80 90 100
ST
RI
tele
co
ms
Internet subscribers per 100 inhabitants
Water in the GATS (average across 12 sectors)
Level of trade restrictiveness permitted by the
GATS (bound level)
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
Actual level of trade restrictiveness (STRI)
» The STRI provides a snapshot of individual countries,
relative to average and best practise
» Allows countries to benchmark,
» …trade negotiators to target bottlenecks,
» …and firms to identify requirements to enter new
markets
» The STRI does not prescribe generic solutions,
» …but helps governments to identify opportunities to
improve their services policy performance.
Concluding comments
For more information, please visit
http://oe.cd/stri
and get free access to STRI analysis & tools including
More information
› 40 country notes
› 18 sector notes
› A policy brief
› The compare your country tool
› An interactive policy simulator
› Our comprehensive regulatory
database
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