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In the second quarter of 2024, the number of technology restrictions * reported by World Trade Organization (WTO) member countries was 818, a slight decrease compared to the same period last year (932). Since setting a new historical high in the first quarter, there have been a total of 2009 cases in the first half of the year, which is the same as the same period last year (2053 cases).

*According to the Technical Barriers to Trade (TBT) Agreement of the World Trade Organization (WTO), when formulating and modifying technical regulations, standards, applicability assessment procedures and other technical regulations that have a significant impact on trade, it is obliged to notify the WTO

From the detailed information of 818 technology restrictions reported in the second quarter, the United States (106) reported the most technology restrictions, accounting for about 13% of the total, followed by Egypt (62) and Brazil (55).

The top 10 exporting countries, which account for over 80% of China's exports, and the 15 key countries, which are the top 5 emerging countries, have reported 279 technological restrictions, accounting for over 34% of the total. Among them, the United States has reported technical restrictions such as energy efficiency restrictions and chemical substance usage restrictions, while China has reported technical restrictions such as electrical equipment safety conditions, ranking high.

It is worth mentioning that in the first half of the year, technology restrictions in the fields of information and communication (IT) equipment and power electronics, as well as transportation safety such as automobiles and ships, which had a good export momentum, were also reported with major trading countries such as the United States, Chile, and China as the center. The trade technical barriers (TBT) notifications and in-depth analysis of major technical restrictions of these WTO member countries can be easily and quickly viewed on the KnowTBT portal website (www.knowtbt. kr).