The November 2014 Asia-Pacific Economic Cooperation (APEC) leaders’ meeting in Beijing has generated momentum behind the proposed Free Trade Area of the Asia-Pacific (FTAAP). This note reviews the prospects for the FTAAP which are strongly linked to progress in two other large regional trade agreements currently under discussion: the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP).
This note reviews the emerging imbalances in the Chinese economy and the attendant need for structural reforms, including financial sector and services liberalization. The role that the recently launched Shanghai Free Trade Zone could play in accelerating these reforms is then considered, alongside an assessment of progress to date.
This policy brief, issued as part of the Trade Insights series, reviews the role of safeguards in the Asia-Pacific region and discusses whether such measures promote or hinder liberalization.
The Trade Insights series summarizes current trade related issues; offers examples of good practice in trade policymaking; and helps disseminate key research findings of relevance to policy. The series is intended to inform both trade and development practitioners and the general public.
This policy brief, issued as part of the Trade Insights series, reviews the recent usage of non-tariff measures (NTMs) in the automotive sector in the Republic of Korea, with a specific focus on technical barriers to trade (TBTs). It finds that, despite provisions to reduce TBTs in recent trade agreements with the US and EU, TBTs and other non-tariff barriers remain a substantial barrier to entry in the Korean automotive market.
The Asia-Pacific Trade and Investment Report (APTIR) is a recurrent publication prepared by the Trade and Investment Division of the United Nations Economic and Social Commission for Asia and the Pacific. It provides information on and independent analyses of trends and developments in: (a) intra- and inter-regional trade in goods and services; (b) foreign direct investment; (c) trade facilitation measures; (d) trade policy measures; and (e) preferential trade policies and agreements.
There is a pressing need for the countries in the Asia-Pacific region to establish their own sustainable mechanism to monitor the effectiveness of trade and transport facilitation reforms and measures and identify solutions to streamline and optimize trade and transport process. Although existing global trade facilitation performance surveys and databases provide useful information on benchmarking and raise awareness, they do not provide sufficiently detailed information to develop or update national trade and transport facilitation action plans.
Structural transformation, economic diversification and logistics are some of the issues explored in this new book from the Asia-Pacific Research and Training Network on Trade (ARTNeT). The volume's essays use various methodologies to provide new perspectives on the region's growth and prospects. Individual chapter's focus on: trade policy in Nepal; logistics in Bangladesh and Thailand; Sri Lankan exports; and SMEs in Cambodia.
The book contains the following chapters:
I. Structural transformation and trade policy: Case of Nepal
by Paras Karel
Edited by Ravi Ratnayake, Rajan Sudesh Ratna, Martina Francesca Ferracane and Yann Duval.
In the post-crisis world, new drivers of growth are required to drive further reductions in poverty. This new book from the Asia-Pacific Research and Training Network on Trade (ARTNeT) examines the role of trade facilitation measures in lowering barriers to trade and raising incomes. In addition to a review of relevant literature and theoretical findings, empirical case studies are presented from across the region including: Indonesia, Sri Lanka, Bangladesh, Thailand, and China.
The present document is based on the forthcoming Asia-Pacific Trade and Investment Report 2013 (henceforth the Report), which is the main substantive document prepared for the third session of the Committee on Trade and Investment. The Report comprises two parts. In the first part, there is a focus on trends and developments in trade in merchandise and commercial services, foreign direct investment flows, performance in trade facilitation, and reliance on preferential policies and trade agreements from an Asia-Pacific perspective.
ESCAP focuses on a number of areas of economic and social development in Asia and the Pacific. One of these is trade and investment – a vital engine for growth and integration. Recent decades have seen an enormous expansion in trade and investment flows in the Asia-Pacific region. Regional economies are increasingly part of global value chains. This has helped foster the economic dynamism that has lifted many from poverty and spread prosperity more widely. At the same time, however, too many individuals and communities remain excluded from the benefits of trade and investment.