The 2008/9 global economic crisis triggered changes in real economies and trade in all countries, including those in Asia, which adopted the so-called export-led growth model. With these drastic changes in trade flows, and the need to counteract potential adverse effects, the old debate on the advantages and flaws of the export-led model has re-opened, adding new concerns to the debate such as aspects of sustainability and inclusivity.
Focusing on the Least Developed Countries located in the Asia-Pacific region, the study explores the impact of different approaches available to the LDCs and their partners in improving their developmental prospects through enhanced trade. The monograph starts with the presentation of trade related data of the 14 LDCs and the linkage between trade and economic development. Then the issue of market access is analyzed, followed by a study of the increasing protectionist measures faced by LDCs during the crisis period.
By Naoko Shinkai and Zenebe Bashaw
The volume of trade worldwide has increased as various trade barriers have been removed over time. Tariffs are one of the trade barriers that trading countries have made efforts to reduce. Tariff rates are determined based on the category that trade partners belong to. There are six possible categories for classifying trade partners: General, Temporary, World Trade Organization (WTO), Generalized System of Preferences (GSP), Least Developed Country (LDC) and Economic Partnership Agreement (EPA).
By Chandrima Sikdar and Biswajit Nag
The India-ASEAN Free Trade Agreement (AIFTA) came into effect on 1 January 2010 with regard to Malaysia, Singapore and Thailand. For the remaining ASEAN members it will come into force after they have completed their internal requirements. With this background, the present study analyses the impact of this free trade agreement (FTA) on India and the ASEAN members.
The Asia-Pacific Development Journal (APDJ) is published twice a year by the Macroeconomic Policy and Development Division of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and to stimulate policy debate and assist in the formulation of policy.
This paper explores the trade facilitation performance of India and Mekong countries using a new measure of bilateral comprehensive trade costs, complemented by a review of specific trade policy and trade facilitation-related indicators. A model of comprehensive trade costs is then developed and estimated using these specific indicators in an effort to identify policies and measures that have a significant effect on trade costs, and to prioritize them.