This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
No |
|---|---|
| Definition |
A bilateral or trade by trade agreement is a legally binding agreement between Vanuatu and other pacific island countries that aims to reduce barriers to trade and promote economic cooperation. These agreements typically cover a range of issues, such as the reduction or elimination of tariffs, the removal of non-tariff barriers, the facilitation of customs procedures, and the protection of intellectual property rights. The purpose of such agreements is to promote the flow of goods and services between participating countries, enhance market access, and foster economic growth and development. They are often negotiated and established through rounds of negotiations and can have a significant impact on international trade and economic relations. |
| Concept |
Trade by Trade agreement suggests a focus on the specific trade aspects or provisions within such agreements. It emphasizes the importance of trade-related policies, market access, tariffs, quotas, and regulations that directly impact the exchange of goods and services between participating countries. By examining the trade provisions within a trade agreement, policymakers, economists, and analysts can evaluate the potential benefits, challenges, and implications for industries, consumers, and the overall economy. It allows for an assessment of how the agreement affects trade flows, market opportunities, and competitiveness, and provides insights into the impact on specific sectors or industries. Understanding the trade provisions in a trade agreement is crucial for businesses engaging in cross-border trade, as it shapes the rules and conditions under which they can access foreign markets and compete internationally. |
| Disaggregation |
exports, imports, balance, by country |
| Rationale |
The rationale behind monitoring trade by trade agreements as an indicator is to understand the economic relationships and trade dynamics between two or more specific countries. Trade by trade agreements are established to promote economic cooperation and reduce barriers to trade between the participating countries. Monitoring these agreements provides insights into the objectives, terms, and conditions of trade between the countries involved. It allows policymakers, businesses, and economists to assess the impact of these agreements on market access, tariff reductions, regulatory alignment, investment flows, and other trade-related aspects. Understanding bilateral trade agreements helps identify opportunities and challenges for businesses operating in the involved countries, evaluate the effectiveness of trade policies, and assess the potential for increased trade and economic cooperation between specific trading partners. |
| Method of Computation |
The computation methods can include the following:
Monitoring multilateral trade agreements in monetary value requires access to reliable trade data, such as official trade statistics, customs records, and other relevant sources. Regular data collection, analysis, and comparison against the commitments and objectives of the agreement help assess the economic impact, trade patterns, and compliance with the agreed terms. |
| Sustainable Development Goal Indicator Alignment |
17.11 17.11.1 (Tier 1) |
| Unit of Measurement |
Vatu in millions |
| Frequency of Collection |
Annual |