A presentation by Jayant Dasgupta on "Regional Workshop on WTO and Regional Trade Agreements in South Asia: Negotiation and Implementation Challenges" hosted by ESCAP-SSWA in New Delhi from 14 to 16 September, 2015
Country Presentation by India on "Regional Workshop on WTO and Regional Trade Agreements in South Asia: Negotiation and Implementation Challenges" hosted by ESCAP-SSWA in New Delhi from 14 to 16 September, 2015
ESCAP’s Trade & Investment Division (TID) and the South and South-West Asia Office (ESCAP-SSWA) jointly organized a Regional Capacity Building Workshop on WTO and RTAs in South Asia for enhancing the capacity of trade policymakers and negotiators of South Asian countries, especially the LDCs and create enhanced understanding of the challenges relating to negotiating and implementing the multilateral and regional trade rules to harness opportunities in global and regional markets.
The Workshop was hosted by ESCAP-SSWA in New Delhi and was held from 14 to 16 September 2015.
There have been many attempts to measure bilateral trade costs. Earlier studies directly measured trade cost components such as: international transport costs; or the cost of moving goods from factory to sea port. To more comprehensively capture all components of trade costs, others inferred trade frictions from gross trade and output data. ESCAP, together with the World Bank, now maintains a global dataset of such comprehensive bilateral trade costs calculated on that basis (i.e., the ESCAP-World Bank trade cost database).
Landlocked developing countries (LLDCs) face higher costs of trade because they lack direct access to the sea, thereby reducing their competitiveness in terms of trade and investment. The WTO Trade Facilitation Agreement (WTO TFA) has potential to reduce trade costs and boost trade for LLDCs through the article on ‘Freedom of Transit’ which protects “legitimate” interests of the transit country’s access to the sea. This can help LLDCs integrate in to global value chains (GVCs) and transition from landlocked to land-linked.