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Asia-Pacific Trade and Investment Report 2012

Recent Trends and Developments

image of Asia-Pacific Trade and Investment Report 2012
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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Trends in trade facilitation

Since countries have continued to liberalize trade both unilaterally and as part of the implementation of preferential trade agreements during the past decade, import tariff costs now often account for a very small share of the overall trade costs faced by traders in Asia and the Pacific – typically 5% or less for most countries and products. Countries have therefore increasingly turned their attention to trade facilitation, i.e. the reduction of non-tariff related trade transaction costs, particularly those associated with the generally complex set of regulatory and other procedures involved in completing international trade transactions and moving goods across borders.

English

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