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Asia-Pacific Trade and Investment Report 2011

Post-Crisis Trade and Investment Opportunities

image of Asia-Pacific Trade and Investment Report 2011

This report identifies the challenges and opportunities for trade and investment in the Asia-Pacific region concluding that with the right policies and strengthened regional cooperation, the region will be able to continue strong trade- and investment-led growth. With the continued stalling of the international Doha Round of negotiations, regional trade agreements remain an important approach to controlling protectionism. A fresh look at the rules under these agreements is recommended. The report emphasizes that governments need to step up efforts to improve the environment for business and investment.

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Facilitating intraregional trade

During the past two decades import tariffs have decreased significantly and the importance of non-tariff measures aimed at further reducing international transaction costs, i.e. trade facilitation, has become more apparent. Even if international shipping and other non-tariff costs are excluded, costs associated with completing documentary and other import and export procedures for international trade can account for up to 15% of the value of traded goods (ADB/ESCAP, 2009). Enabling firms to move goods more efficiently from the factory floor to foreign buyers’ warehouses has become essential to capturing and creating new trade opportunities. With the shifting of growth potential away from developed countries to economies within the Asian and the Pacific region, increased attention to intraregional trade facilitation is needed.

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