Accelerating Regional Integration: Issues at the Border
AbstractThe sharp decline in trade volume and value during the current economic crisis has contributed to lower transportation costs and reduced waiting times at border crossings, reducing the urgency of progress on trade facilitation. Meanwhile, greater trade is expected to play a key role in recovery, and in sustaining growth afterwards. The crisis offers an excellent opportunity to make progress on facilitating intra-Asian trade and boosting the region's contribution to global economic recovery. This paper examines the status of, and challenges to, trade facilitation among the Asian Asia-Pacific Economic Cooperation members, and the roles of hard and soft infrastructure (including logistics) in improving that performance. Analysis with a computable general equilibrium framework indicates that even a relatively modest reduction in trade costs can yield significant gains. Gross domestic product in the region expands and countries move into a more diversified trading pattern. Of particular relevance for policy considerations is that the results vary considerably across bilateral trade routes and commodity categories.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 200.
Length: 30 pages
Date of creation: 25 Feb 2010
Date of revision:
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asian apec members infrastructure; regional integration; trade facilitation;
Other versions of this item:
- Douglas H. Brooks & Susan F. Stone, 2010. "Accelerating Regional Integration : Issues at the Border," Trade Working Papers 23009, East Asian Bureau of Economic Research.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
- O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-13 (All new papers)
- NEP-INT-2010-03-13 (International Trade)
- NEP-SEA-2010-03-13 (South East Asia)
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