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Trade Facilitation: Contribution to Development of the International Trade and the Global Economy (Review of OECD Report “Trade Facilitation and the Global Economy”)

Author

Listed:
  • Alexander Maltsev

    (Ural State University of Economics, CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne)

  • Daria Chupina

    (Ural State University of Economics)

Abstract

The review covers 2018 OECD report "Trade Facilitation and the Global Economy". It is shown that most countries indeed facilitated their trade in 2015–2017 and developed countries led this progress. Border agencies co-ordination and Single windows launching are the most challenging trade facilitation measures among all countries as both require skilled employees and high levels of trust among border agencies and partner countries. Trade facilitation does not require significant investments, but leads to welfare gains. In the short-run trade facilitation drives growth of production, while efficient resource allocation and growth of wages are achievable over the longer term. Lower income countries are benefitting the most from trade facilitation.

Suggested Citation

  • Alexander Maltsev & Daria Chupina, 2019. "Trade Facilitation: Contribution to Development of the International Trade and the Global Economy (Review of OECD Report “Trade Facilitation and the Global Economy”)," Post-Print hal-04087306, HAL.
    • Handle: RePEc:hal:journl:hal-04087306
    DOI: 10.17323/1996-7845-2019-02-13
    as

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