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Challenges and Opportunities for Trade and Financial Integration in Asia and the Pacific

image of Challenges and Opportunities for Trade and Financial Integration in Asia and the Pacific
This book brings together chapters that explore various aspects of trade and financial integration in Asia and the Pacific, the reasons for the lack of it, and potential benefits of strengthening such integration. The book focuses on the exploration of challenges and opportunities that exist in intraregional trade in goods, integration in services trade, availability of trade finance as well as inflows of portfolio investments. The papers have been written by researchers who have applied their extensive expertise and analytical skills to studying the impacts of regional trade liberalization and motivation for financial flows.

English

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European Union-India bilateral free trade agreement: Potential implications for the excluded low-income economies in Asia and Africa

Since the beginning of the 1990s the world has witnessed ambitious multilateral trade negotiations together with a proliferation of regional trading blocs. With the inception of the World Trade Organization (WTO) in 1995 as an institution to oversee the multilateral trading system and promotion of trade, many people thought that multilateralism would eventually reduce the scope of regionalism. Nevertheless, since 1995, the number of regional trade agreements (RTAs) has increased from less than 150 to more than 250. Today, the quantum of global trade conducted through RTAs and preferential trade agreements (PTAs) is more than 50 per cent of total trade flows.

English

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