Trends in Trade Facilitation
In: Asia-Pacific Trade and Investment Report 2012: Recent Trends and Developments
Since countries have continued to liberalize trade both unilaterally and as part of the implementation of preferential trade agreements during the past decade, import tariff costs now often account for a very small share of the overall trade costs faced by traders in Asia and the Pacific – typically 5% or less for most countries and products. Countries have therefore increasingly turned their attention to trade facilitation, i.e. the reduction of non-tariff related trade transaction costs, particularly those associated with the generally complex set of regulatory and other procedures involved in completing international trade transactions and moving goods across borders.
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- Yann Duval, 2011. "Trade Facilitation in Regional Trade Agreements: Recent Trends in Asia and the Pacific," Working Paper Series 211, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
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