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UNCTAD: Hidden Trade Barriers, Not Tariffs, Are Driving Export Costs Higher

UNCTAD: Hidden Trade Barriers, Not Tariffs, Are Driving Export Costs Higher

Photo: Shutterstock/Strikernia
UNCTAD: Hidden Trade Barriers, Not Tariffs, Are Driving Export Costs Higher
Mike Schuler
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May 7, 2026
UN Trade and Development is warning that the biggest barriers to global trade are increasingly found not in tariffs, but in the technical, regulatory and certification requirements exporters must navigate to reach foreign markets.
In its
May Global Trade Update
, UNCTAD said non-tariff measures — including technical rules, health and safety standards, and certification procedures — now exceed tariff costs in 88% of cases, making them the dominant driver of export costs for most countries.
The burden is falling hardest on developing and least developed economies, which face the double hit of rising tariffs and higher compliance costs. UNCTAD said least developed countries lose around 10% of their exports to G20 markets because they cannot meet these requirements.
The report does not argue for eliminating such rules, which often support health

Ukraine Strikes Two Russian Refineries, Baltic Sea Port

Ukraine Strikes Two Russian Refineries, Baltic Sea Port

A satellite near-infrared image shows smoke rising from oil storage tanks at Russia’s Baltic Sea port of Ust-Luga, which was struck multiple times in Ukrainian attacks, in Ust-Luga, Russia March 29, 2026. Vantor/Handout via REUTERS
Ukraine Strikes Two Russian Refineries, Baltic Sea Port
Reuters
Total Views: 0
April 18, 2026
April 18 (Reuters) – Ukrainian drones struck a handful of Russia’s oil facilities overnight, including two oil refineries in the Samara region and a Baltic Sea port that exports petroleum products, Russian local governors and a Ukrainian army official said on Saturday.
Kyiv’s troops have in recent weeks stepped up
attacks on Russian oil depots and refineries
– key sources of revenue for Moscow’s war budget – sometimes targeting sites thousands of kilometers from Ukraine’s borders.
In the Leningrad region, which surrounds St Petersburg and borders Finland, Governor Alexander Drozdenko said a fire had been extinguished at the Vysotsk port, which houses a terminal oper

Negative to Neutral: shipping in a non-aligned world

Negative to Neutral: shipping in a non-aligned world It’s been a turbulent 12 months in the shipping markets, characterised by a great deal of nervous excitement around both trade and the global economy. And though we like to approach the year’s turn with messages of hope and…