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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.

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Assessing the potential for growth of intraregional trade in South Asia

During the past two decades, intraregional trade has assumed a lot of importance – with intraregional trade growing rapidly in several regions, such as the Association of Southeast Asian Nations (ASEAN), North American Free Trade Agreement (NAFTA) and the European Union. However, intraregional trade in South Asia has not witnessed rapid expansion despite the institutional measures taken by the South Asian countries through the South Asian Preferential Trade Agreement (SAPTA) and the South Asian Free Trade Agreement (SAFTA).

English

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