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Reducing Trade Costs In Asia-Pacific Developing Countries

image of Reducing Trade Costs In Asia-Pacific Developing Countries
This publication evaluates the current level of trade costs in the Asia-Pacific region and outlines recent evidence with regard to the impacts of various trade facilitation measures in reducing trade costs. Part I provides an overview of trade costs in Asia and the Pacific, based on the most recent update of the ESCAP-World Bank Trade Cost Database. Policies and factors affecting international trade costs are identified. Key findings and implications from a micro-level analysis of trade procedures in a wide range of Asia-Pacific developing economies are presented. Highlights and recommendations from some of the most recent ESCAP studies on trade facilitation and trade costs in Asia-Pacific are also summarized. Part II features abbreviated versions of five individual ESCAP studies summarized in Part I.

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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.

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