Agricultural trade costs in the Asia-Pacific region: A need for a sectoral approach to trade facilitation

As developing and emerging economies in the Asia-Pacific region seek ways to maintain growth in a difficult global economic environment, enhancing competitiveness in international markets has become a priority. Reducing international trade transaction costs can go a long way towards making a country more competitive. While costs vary substantially across developing countries in the region, most still face very high extra- and intraregional trade costs on average. This is particularly true for trade in agriculture and food products.

Related Subject(s): International Trade and Finance
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