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Infrastructure and Trade Facilitation in Asian APEC

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Abstract

The sharp decline in trade volume and value during the recent economic crisis has temporarily reduced the urgency of progress on trade facilitation due to lower demand and costs for transportation and reduced waiting times at border crossings. However, as trade is important for the recovery and sustained growth, pressure on transport systems is likely to increase again. The crisis and recovery offer an opportunity for progress on facilitating intra- Asian trade and boosting the region’s contribution to global economic growth. This paper examines trade facilitation among the Asian members of Asia- Pacific Economic Cooperation, and the roles of hard and soft infrastructure in improving its performance. Computable general equilibrium analysis indicates even a modest reduction in trade costs can yield significant gains. Gross domestic product in the region grows and countries’ trading patterns diversify. Of particular policy relevance is that the results vary considerably across bilateral trade routes and commodity categories.

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Article provided by Asian Development Bank in its journal Asian Development Review.

Volume (Year): 27-1 (2010)
Issue (Month): 1 ()
Pages: 135-159

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Handle: RePEc:ris:adbadr:2715

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Cited by:
  1. Susan Stone & Anna Strutt & Thomas Hertel, 2010. "Assessing Socioeconomic Impacts of Transport Infrastructure Projects in the Greater Mekong Subregion," Working Papers id:2959, eSocialSciences.
  2. Brooks, Douglas H. & Stone, Susan F., 2010. "Accelerating Regional Integration: Issues at the Border," ADBI Working Papers 200, Asian Development Bank Institute.
  3. United Nations ESCAP, 2011. "Trade Facilitation in Asia and the Pacific: An Analysis of Import and Export Processes, Studies in Trade and Investment 71," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number tipub2615, December.
  4. Siwarat Kuson & Songsak Sriboonchitta & Peter Calkins, 2012. "Household determinants of poverty in Savannakhet, Laos: Binary choice model approach," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 1(3), pages 33-52, September.
  5. Sothy Khieng, 2009. "Towards a better understanding of the political economy of regional integration in the GMS: Stakeholder coordination and consultation for subregional trade facilitation in Cambodia," Working Papers 7509, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..

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