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Facilitating Agricultural Trade in Asia and the Pacific

image of Facilitating Agricultural Trade in Asia and the Pacific
The Asia-Pacific region is both a major consumer and producer of agricultural products. Its growth in both imports and exports is accelerating, but not to the potential. There is significant opportunity in this region to expand agro-trade especially due to population growth, dietary change of consumers and trade of high-value products. This publication examines a number of constraints that act as barriers to realizing the trade potential of the Asia-Pacific region: cumbersome trade procedures, inadequate compliance to product standards, poor trade logistics and lack of financing for agricultural trade. Some Asia-Pacific countries have adopted effective measures to deal with the problems presented. Still, many countries in this region lag behind in facilitating agricultural trade and will need to adopt similar measures.

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Advancing agro-trade facilitation

The analysis has attempted to provide an overview of the agricultural trade facilitation, its status, concerns and remedies in the Asia-Pacific region. The first part of the paper mainly argued that agricultural trade is highly significant for is economic growth and there is further potential for Asia-Pacific to gain from this trade. It analyses the growth trend of agricultural trade and compares with leading trading countries globally. Although not beyond manufacturing, a definitive growth-trend of agricultural trade for the Asia-Pacific region is observed. It also looks at the value of trade in comparison with top trading countries in the World. The contribution of Asia-Pacific countries in intra-regional trade was analysed. The analysis mainly recognized the excellent growth trend for agro-trade and significant contribution of few Asia-Pacific countries to such growth. The traded product categories reflected the higher incomes of Asia-Pacific economies. The chapter ended by highlighting why facilitating agricultural trade is important for the Asia-Pacific region.

English

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