This issue of the Trade Insights series provides analysis of the recently released United Nations Regional Commissions (UNRC) Global Trade Facilitation (TF) and Paperless Trade Implementation Survey 2015 for 44 economies and 5 sub-regions across the Asia-Pacific. The survey provides data on the implementation of 38 TF measures, including but not limited to those featured in the WTO Trade Facilitation Agreement (WTO TFA).
This regional report presents data on trade facilitation and paperless trade implementation from 44 economies in the Asia-Pacific region and covering 5 different sub-regions. Since 2012, ESCAP Secretariat has conducted an annual regional survey to systematically collect and analyze information on the implementation of trade facilitation measures in the region, in order to provide a basis for developing more relevant capacity building and technical assistance and to assist countries to design and prioritize their own trade facilitation implementation plans and strategies.
This study introduces a new dataset of bilateral value added trade costs for the goods and services sectors, based on a measure derived from the micro-founded gravity model and using data from the OECD-WTO TiVA database. This is the first study to calculate value added trade costs for a set of developed and developing economies, both for the goods and services sectors. Overall, we find that, in the goods sector and in absolute term, international trade costs calculated using value added data are lower than those calculated using gross trade and output data.
This publication examines the impact of non-tariff measures (NTMs) on trade in the Asia-Pacific region. As tariffs on traded goods have fallen on average over recent years, non-tariff measures have emerged as one of the principal obstacles to trade. In recent years there has been a proliferation of new NTMs in Asia-Pacific economies, including in developing countries. This proliferation of NTMs may be disadvantageous for developing economies in general, and least developed countries in particular.
This issue of the Trade Insights series provides analysis of notifications submitted as part of the preparation for the implementation under the WTO Trade Facilitation Agreement. Fifteen economies in the Asia-Pacific region have already submitted Category A notifications, i.e., the list of substantive provisions they have either already implemented or are committed to implement by the time the Agreement enters into force.
International trade in agricultural and food products is more complex than trade in manufacturing – trade regulations are stricter, paperwork is more cumbersome and logistics are more complex. These elements are mainly required for ensuring food safety for consumers. Detailed information on traded goods alongside the movement of goods in a supply chain is critically important for food safety. Various actors need to exchange information in the complex process of importing and exporting agrifood products.
This brief provides a summary of the TIR system and introduces the most important attributes of the future eTIR system. It highlights the fact that, for many countries worldwide including those in the Asia-Pacific region, the TIR system is an important tool for international transit and transport facilitation. It also illustrates how, by incorporating modern ICT technologies, the eTIR system will further enhance transit and transport facilitation while further securing government revenues.
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.
Countries that implement trade facilitation reforms and enhance trade efficiency and connectivity are generally expected to attract more foreign direct investments. This paper is a first attempt to quantify the potential impact of trade facilitation on FDI flows. Using a unique bilateral dataset on FDI flows covering both OECD and developing economies in Asia and the Pacific, we estimate gravity models of FDI featuring relevant trade costs and trade facilitation indicators.