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.
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 Annual Report 2014 outlines the work programme and activities of the Economic and Social Commission for Asia and the Pacific through case studies and highlights during 2013-2014. It includes reporting of successes, resource mobilization, capacity building and examples of cooperation between ESCAP and its stakeholders. It takes time to detail programmes delivered across the region, looking at both the bigger picture and work done to further development in the subregions.
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.
ESCAP supports governments in Asia-Pacific in implementing measures to efficiently involve the private sector in infrastructure development. Developing case studies is part of this effort and promotes exchange of experience among the countries of the region.
Case 1: Traffic Demand Risk / The case of Bangkok’s Skytrain (BTS)
The following case study examines the issue of traffic demand risk and sheds light on how the problem of inaccurate ridership forecasts can impact a PPP project by using the example of the Bangkok SkyTrain.
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.
Connectivity is a cornerstone of regional economic cooperation and integration – and has become a major priority for the countries of Asia and the Pacific, especially in the context of efforts to find new drivers of regional economic growth, and to create additional domestic and aggregate regional demand.
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
The Economic and Social Survey of Asia and the Pacific is the oldest and most comprehensive annual review of economic and social development in Asia and the Pacific. This flagship publication of ESCAP outlines policies to sustain dynamic growth and to make it inclusive such as unlocking fiscal space to finance higher productive government spending and enhancing regional connectivity through stronger institutional coordination across the region.