The role of risk and cost-benefit analysis in determining quarantine measures
Staff research paper
This paper by Monika Binder was released on 19 February 2002.
Quarantine regimes must conform with World Trade Organization (WTO) requirements arising from the completion of the Uruguay Round of Multilateral Trade Negotiations in 1995. A fundamental aspect of those requirements is the need for a science-based approach to setting measures which potentially restrict trade in animals, plants and their products.This approach is commonly described as import risk analysis (IRA).
In some quarters, it is argued that a broad economic perspective should be incorporated in IRAs.
This paper looks at the WTO requirements and supporting international guidelines, describes in broad terms the existing IRA approach to determining quarantine measures and addresses some options for improvement and associated problems.
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The Role of Risk and Cost-Benefit Analysis in Determining Quarantine Measures (PDF 441.3 KB)The Staff Research Paper, The Role of Risk and Cost–Benefit Analysis in Determining Quarantine Measures, examines the World Trade Organization Agreement on the Application of Sanitary and Phytosanitary Measures and supporting international guidelines, describes the existing import risk analysis approach to determining quarantine measures and considers some options for improvement — such as the incorporation of cost–benefit analysis — and associated problems.
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