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By determining the effects of transparency practices and FTAs in the international trade arena, the study concludes that these trade policy tools are important parameters to boost trade growth.
The performed econometric estimation of the relationship between trade policy measures and trade growth is based on the model presented in Table 2 that supports a greater extent to infer the effects of transparency practices and FTA on trade growth in international trade.
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We conclude that the effect of transparency practices and FTAs on trade flows comes from openness and responsiveness to lessen unpredictability, increase accountability, and give more importance on FTAs utilization.
Second aspect of transparency practices is the accountability that we found to have an important influence on trade growth.
The findings showed that, first, the predictability aspect of transparency practices is a significant parameter to increase trade growth.
However, to clearly identify differences between the effects of transparency, anonymity, shame and honor further experimental work is required.
Does the effect of transparency of the barrier provide sufficient evidence?
The presence of three influences was supported: the links between both stakeholder participation or transparency and the reasonableness of decision-making; and the effect of transparency on the degree of scientific rigour of assessment.
Those are predictability and accountability transparency practices, and the number of FTAs signed and in effect.
Second, accountability transparency practices measured in the number of disputes have a negative impact on trade growth.
We review procurement and pricing transparency practices for pharmaceutical products.
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CEO of Professional Science Editing for Scientists @ prosciediting.com