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A. TRADE AND INVESTMENT PUBLICATIONS
An Analysis of the Special Safeguard
Mechanisms in the Doha Round of Negotiations.
A Proposed Price-trigger-based Safeguard
Mechanism. October 2006. Available
online (PDF-Format, 56 pages, 394 KB). Indian
Council for Research on International Economic
Relations (ICRIER).
In the Doha Round of negotiations on agriculture
it has been decided that all developing
and least developed Member countries of
the World Trade Organization (WTO) will
have access to a Special Safeguard Mechanism
(SSM), meaning that developing countries
have the option to temporarily impose higher
tariff rates on the import of an agricultural
product if there is either a surge in its
import volumes or a sharp dip in its import
prices. However, the exact mechanisms of
the implementation of SSMs have not been
spelt out; it is also not clear what legal
provisions the Member countries will have
to follow to use this safeguard mechanism.
This paper takes a detailed look at the
SSM and analyzes its usefulness for developing
countries. It also explores how the concept
of a special agricultural safeguard has
evolved in the present round of negotiations
and what the country positions on SSMs in
the Doha Round are. The paper then proposes
a price-trigger-based SSM instrument which
is consistent with the goals spelt out in
the Doha Development Agenda and satisfies
most of the desired features of a safeguard
instrument.
Accessed on 9 January < http://www.icrier.org/pdf/WorkingPaperNo%5B1%5D.189.pdf
>
Annual Report. December
2006. Available online (PDF-Format, 122
pages, 1.98 MB). World Trade Organization.
The new edition of the WTO Annual Report
presents an overview of the activities
of the WTO from the latest Ministerial
Conference to the work of the different
committees and bodies, and also facts
and figures to illustrate the functioning
of the organization. The report notes
that today the real dynamism in trade
is to be found in the developing world,
where Brazil, China, India, Malaysia,
Mexico and Thailand all posted double
digit growth in exports. Not only have
these emerging markets flexed their growing
muscles in the global market place, but
Africa too has staked its claim to a bigger
share of the pie by posting export growth
in excess of 25 per cent in each of the
past three years. Concerning the role
of developing countries, the report mentions
the formation of powerful negotiating
groups like the G-90, the G-33 and the
G-20 that illustrate that the WTO is an
organization in which all Members can
not only state their case, but can achieve
meaningful objectives on their path towards
development.
Accessed on 9 January
<
http://www.wto.org/english/res_e/booksp_e/anrep_e/anrep06_e.pdf
>
Banking Services for everyone?
Barriers to Bank Access and use around
the World. December 2006. Available
online (PDF-Format, 60 pages, 451 KB).
Policy Research Working Paper, World Bank.
Using information from 193 banks in 58
countries, the authors develop and analyze
indicators of physical access, affordability,
and eligibility barriers to deposit, loan
and payment services. They find substantial
cross-country variation in barriers to
banking and show that in many countries
these barriers can potentially exclude
a significant share of the population
from using banking services. Correlations
with bank- and country-level variables
show that bank size and the availability
of physical infrastructure are the most
robust predictors of barriers. Further,
the authors find evidence that in more
competitive, open, and transparent economies,
and in countries with better contractual
and informational frameworks, banks impose
lower barriers. Finally, though foreign
banks seem to charge higher fees than
other banks, in foreign dominated banking
systems fees are lower and it is easier
to open bank accounts and to apply for
loans. On the other hand, in systems that
are predominantly Government-owned, customers
pay lower fees but also face greater restrictions
in terms of where to apply for loans and
how long it takes to have applications
processed.
Accessed on 9 January < http://www-wds.worldbank.org/external/default/
>
FDI Investment Incentive System
and FDI Inflows: The Philippine Experience.
November 2006. Available online (PDF-Format,
35 pages, 444 KB). Philippine Institute
for Development Studies.
This paper examines the Philippine’s
investment incentive programme for foreign
investors and its success in attracting
substantial FDI inflows and compares the
FDI incentive system and FDI performance
of the Philippines with other Asian countries.
Since it is difficult to untangle the effect
of tax incentives from other factors, the
analysis also takes into account factors
such as level of competitiveness, costs
of doing business and availability of infrastructure.
Experience tends to suggest that in the
absence of fundamental factors such as economic
conditions and political climate, tax incentives
alone are not enough to generate a substantial
effect on investment decisions of investors
nor can they compensate for the deficiencies
in the investment environment.
Accessed on 9 January < http://dirp4.pids.gov.ph/ris/dps/pidsdps0620.pdf
>
GATS, Migration, and Labour Standards.
2006. Available online (PDF-Format, 39
pages, 530 KB). International Institute
for Labour Studies, International Labour
Organization (ILO).
This paper lays out the General Agreement
on Trade in Services (GATS) framework
and the basis for negotiations and reviews
the four modes of trade in services. It
looks at the major demands of developing
countries in the GATS Mode 4 negotiations,
including a review of estimates of the
potential benefits of the larger labour
migration flows that could be expected
if the demands were accepted. Further,
it covers the ILO’s efforts to promote
decent work in a globalizing world and
discusses the fundamental differences
between trade in goods and the migration
of labour, including service providers.
The conclusion deals with the major question
raised by the GATS effort to erect a global
regime for one type of labour migration,
namely: what is the trade off between
migrant numbers and migrant rights?
Accessed on 9 January
< http://www.ilo.org/public/english/bureau/inst/download/dp16506.pdf
>
Geographical Indications as Trade-Related
Intellectual Property. January
2007. Available online (PDF-Format, 42
pages, 1.2 MB). Asia-Pacific Trade and
Investment Initiative, UNDP Regional Centre
in Colombo.
This paper starts out with a short overview
on the linkages between intellectual property,
trade and development. It then focuses
on Geographical Indications (GI), using
the TRIPS definition that defines GIs
as indications (words, phrases, symbols,
images) that identify a good as originating
in the territory of a WTO Member, or region
or locality in that territory, where a
given quality, reputation or other characteristic
of the good is essentially attributable
to its geographical origin. Focusing on
the Asian context, the paper identifies
the three most important properties of
GIs, namely right of exclusion; advantage
of premium; and consumer and producer
protection. The paper also discusses a
number of specific issues, namely GIs
and human development; GIs and traditional
knowledge; the agreement on TRIPS and
GIs’ as well as the WTO negotiating
proposals for extension of stronger protection
for GIs.
Accessed on 9 January
< http://www.undprcc.lk/Publications/Publications/TRADE/GI_Paper_13_Dec.pdf
>
Key Economic Development and
Prospects in the Asia-Pacific Region 2007.
2006. Available online (PDF-Format, 36
pages, 744 KB). United Nations Economic
and Social Commission for Asia and the
Pacific.
Key Economic Developments and Prospects
in the Asia-Pacific Region 2007 provides
an end-of-year report on the region’s
economic performance, highlighting the
strengths and weaknesses of economies
in the region. The report identifies three
key issues to be watched closely by policymakers
across the Asian and Pacific region in
the coming months: On the positive side
it mentions the revival of Japan. The
report examines the impact of a resurgent
Japan on the region’s trade, investments
and growth prospects. As somewhat worrying
for the region it identifies the concern
that China is “overheating”.
The report evaluates the claims of “overheating”
and quantifies the impacts of a stronger-than-expected
downturn in China. Finally, the report
analyses the implications of recent volatility
in the regional financial markets and
assesses how well the regional economies
are equipped to handle a financial sector
downturn.
Accessed on 9 January <
http://www.unescap.org/pdd/publications/key2007/key2007.pdf
>
Liberalizing Cross-Border Capital
Flows: How Effective Are Institutional
Arrangements against Crisis in Southeast
Asia. November 2006. Available
online (PDF-Format, 55 pages, 908 KB).
Working Paper Series on Regional Economic
Integration No. 6; Office of Regional
Economic Integration, ADB.
This paper examines capital controls in
two ways. First, it assesses whether capital
controls have an economic justification
within the context of an economy’s
and, in particular, its financial sector’s
stage of development. It concludes that
capital controls can be justified in countries
with an immature financial sector and
macroeconomic imbalances. Second, it presents
a survey of current capital controls in
ASEAN+3. It identifies three avenues for
making controls more efficient: (i) a
tax on capital inflows, or alternatively,
a Tobin tax; (ii) a replacement of extensive
administrative controls with stricter
prudential standards for financial institutions;
and (iii) a special treatment for Asian
currency unit (ACU) operations, implying
selective capital flow liberalization.
Accessed on 9 January < http://www.aric.adb.org/pdf/workingpaper/WP06_Steinherretal.pdf
>
Rules of Origin and Local Content
in East Asia. November 2006.
Available online (PDF-Format, 38 pages,
492 KB). Discussion Paper No. 78, Institute
of Developing Economies.
Rules of Origin (RoO) are an integral
part of all trade rules. In order to be
eligible for Common Effective Preferential
Tariffs (CEPT) under AFTA and similar
arrangements under the ASEAN-China FTA,
a product must satisfy the conditions
relative to local content. The paper tries
to calculate local content as well as
cumulative local content in East Asian
economies, with use of the Asian International
Input-Output Tables and investigates factors
of change in local content by applying
decomposition analysis. The paper finds
that the cumulation rule increased local
content of the electronics industry more
significantly than local content of the
automotive industry and that the contribution
of the cumulation rule increased in the
period 1990-2000, due to rising dependency
on neighboring ASEAN countries and China.
Accessed on 9 January < http://www.ide.go.jp/English/Publish/Dp/pdf/078_kuroiwa.pdf
>
Understanding the Latest Wave
and Future Shape ff Regional Trade and
Cooperation Agreements in Asia.
November 2006. Available online (PDF-Format,
40 pages, 224 KB). Cesifo Working Paper
No. 1856, CESifo Group.
Asia accounts for more than 30 per cent
of world GDP and contributes half of the
global growth in recent years. Despite
high growth rates, Asia is still facing
considerable socio-economic challenges.
If Asia is to reemerge as a major power
in the global economy and in order for
the region to successfully address its
own challenges and issues there is a need
to make the region’s economies more
integrated regionally and internationally.
Following the recent global trend, Asia
witnessed a wave of subregional and bilateral
trade agreements. This paper analyzes
the recent trends and patterns and nature
of regional trade and cooperation agreements
(RTCAs) in Asia and associated problems
and prospects. It also attempts to understand
the latest wave and the future shape of
RTCAs and examines if these RTCAs provide
the basis for a new Asia-wide cooperation
or for the emergence of new regional trade
in blocs of several subregional groupings.
Accessed on 9 January
< http://www.cesifo-group.de/pls/guestci/download/
>
B. SELECTED WORLDWIDE WEBSITES
http://www.acici.org/aitic/index.html
Agency for international trade information
and cooperation (AITIC)
E-mail: info@aitic.org
The Agency for international trade information
and cooperation is an intergovernmental
organization, based in Geneva, whose goal
is to help less-advantaged countries to
benefit from the globalization process in
general and the multilateral trading system
in particular by assisting them in taking
a more active part in the work of the World
Trade Organization (WTO) and other trade-related
organizations in Geneva, as well as the
negotiations under the auspices of the former.
Among other features of AITIC’s website
is the AITIC Trade Portal, a gateway to
international trade and economic development-related
background information.
http://www.chamber.lk/
Ceylon Chamber of Commerce
E-mail: info@chamber.lk
The Ceylon Chamber of Commerce is a confederation
of regional and sectoral chambers of commerce
and industry, trade associations, employer
organizations and bilateral business councils
in Sri Lanka. It is the focal point for
business contacts both locally and abroad
and has specialized committees, affiliated
associations and bilateral business councils.
The chamber functions as an effective
spokesman of the business sector. Its
members serve on various institutions
and committees set up by the Government
as well as the private sector, either
as chamber nominees or in their personal
capacities.
http://www.consumersinternational.org/
Consumers International (CI)
E-mail: consint@consint.org,
and consint@ciroap.org
(Kuala Lumpur)
Consumers International is an independent,
non-profit organization that supports,
links and represents consumer groups and
agencies all over the world. It has a
membership of over 230 organizations in
113 countries and strives to promote a
fairer society through defending the rights
of all consumers, especially the poor,
marginalized and disadvantaged by supporting
and strengthening member organizations
and the consumer movement in general and
by campaigning at the international level
for policies which respect consumer concerns.
CI maintains four main offices, one of
them in Kuala Lumpur. The goals of CI
Kuala Lumpur are to spread the consumer
movement throughout the Asian and Pacific
region; to increase the capacity of members
through training and education, advice
and technical support, and research and
information; to facilitate networking
amongst members and with other civil society
organizations and networks working in
related areas; to keep members and network
partners informed of CI's programme activities
and of developments within CI; to consult
members and represent their views in the
formulation of CI's policies and programmes;
to represent the consumer interest regionally
and internationally; and to disseminate
and promote the principles and policies
of the consumer movement to the wider
audience of the Asian and Pacific region.
http://www.dbj.go.jp/
Development Bank of Japan (DBJ)
The Development Bank of Japan provides
long-term financing and other policy-based
schemes to qualified projects as a supplement
and inducement to the lending and other
services provided by ordinary financial
institutions. By doing so, it promotes
the upgrading, vitalization and sustainable
development of the economy and society;
the realization of an enhanced quality
of life; and the creation of self-reliant
regions. Projects and loans are focus
around three areas: 1) community development
- contributing to the revitalization of
local economies by joining regions in
supporting solutions that draw on the
advantages of each area; 2) environmental
conservation and sustainable societies
- helping to realize a sustainable, safe
and secure society by supporting businesses
that are committed to social responsibility;
and 3) creation of new technologies and
industries - stimulating the Japanese
economy by utilizing knowledge and innovative
financial methods to create new industries
that will be the source of future prosperity.
http://www.dotasia.org/
DotAsia Organisation
E-mail: comments@dotasia.org
The DotAsia Organisation is a membership-based
non-profit corporation located in Hong
Kong, China that was created in March
of 2004 for the purpose of submitting
a proposal to the Internet Corporation
for Assigned Names and Numbers (ICANN)
to operate a new top-level domain (TLD)
registry for the “.Asia” TLD.
The mission of the DotAsia Organisation
is to sponsor, establish and operate a
regional Internet namespace with global
recognition and regional significance,
dedicated to the needs of the Pan-Asia
and Asia-Pacific Internet community; to
reinvest surpluses in socio-technological
advancement initiatives relevant to the
Pan-Asia and Asia-Pacific Internet community;
and to operate a viable non-profit initiative
that is a technically advanced, world-class
TLD registry for the Pan-Asia and Asia-Pacific
community.
http://www.g-20.mre.gov.br/
G-20, the group of developing
countries with special interest in agriculture
E-mail: g-20@mre.gov.br
The G-20 is a group of developing countries
with a focus on agriculture, a central
issue of the Doha Development Agenda.
The group has a wide and balanced geographical
representation, being currently integrated
by 21 members countries: 6 from Asia –
namely China, India, Indonesia, Pakistan,
Philippines and Thailand; 5 from Africa
and 10 from Latin America. The group was
established to avoid a predetermined result
at Cancun and to open up a space for negotiations
in agriculture. In that occasion, the
group’s main objective was to defend
an outcome in the agricultural negotiations
which would reflect the level of ambition
of the Doha mandate and the interests
of the developing countries. For this
purpose, the group adopted a common position
that was circulated as an official document
of the WTO. After Cancun, the G-20 embarked
in technical and political consultations
with a view to injecting momentum in the
negotiations, holding several meetings
to discuss specific proposals in the context
of the WTO agriculture negotiations and
to prepare technical papers in support
of the adopted common platform of the
group.
http://www.hkshippers.org.hk/eng/index.asp
Hong Kong Shippers’ Council
E-mail: shippers@hkshippers.org.hk
The Hong Kong Shippers’ Council
was established in 1967 to protect and
promote the interests of Hong Kong, China
exporters and importers, traders and manufacturers
in matters relating to the transportation
of merchandise by sea, land and air. The
council has worked towards establishing
a level playing field between shippers
and service providers, such as the shipping
lines and airfreight carriers. The council
represents Hong Kong, China shippers overseas
and is a member of regional and international
shippers' councils like the Global Shippers’
Network and the Federation of ASEAN Shippers’
Councils (FASC). The Council works together
with other shippers’ councils towards
shaping the regulatory environment on
issues relating to the shipping and transportation
of goods on a local, regional and global
level.
http://www.iraniantrade.org
Iranian Trade Association Inc.
(ITA)
E-mail: Info@IranianTrade.org
The Iranian Trade Association Inc. is
a United States-based independent, and
non-profit business and networking organization
that provides Iranian trade information,
conference organization and Iranian-American
grassroots advocacy mobilization to lift
the United States trade sanctions on the
Islamic Republic of Iran. The Iranian
Trade Association has been formed in order
to promulgate the competitive advantage
that a unified Iranian and international
business community can have in the global
marketplace. Through ITA, members can
also keep up with new economic and business
developments in the Islamic Republic of
Iran. One of ITA's prime directives is
to facilitate the reestablishment of trade
relations between the Islamic Republic
of Iran and the United States. ITA seeks
to work with the United States Government,
Iranian officials and various international
organizations in rebuilding a productive
dialogue that is in the interests of both
economies.
http://www.kfsb.or.kr/english/
Korea Federation of Small and
Medium Business (KFSB)
The Korea Federation of Small and Medium
Business was established in 1962 as an
advocate for small and medium-sized companies
in order to protect their rights and benefits.
KFSB offers a wide range of services to
stimulate the growth and development of
small and medium-sized businesses. It
hopes to increase the global competitiveness
of small and medium-size businesses of
the Republic of Korea through technology
and new management strategies and uses
its resources and knowledge to help small
and medium-size businesses use their untapped
knowledge, innovation, and dynamic differences
to make strides into global markets, create
a society with balanced productivity.
http://world.wtca.org
World Trade Centers Association (WTCA)
E-mail: wtca@wtca.org
The mission of the World Trade Centers
Association is to support the establishment
and successful operation of individual
World Trade Centers (WTC) as part of a
worldwide alliance of WTCs. It is a non-profit,
non-political association that fosters
the WTC concept and develops inter-WTC
cooperative programmes. WTCA membership
includes nearly 300 WTCs in almost 100
countries. Local WTCs bring together business
and Government involved in international
trade, provides essential trade services
and stimulates the economy of the region
they serve by putting all the services
associated with global commerce under
one roof.
Information is taken mainly from secondary
sources and UNESCAP accepts no responsibility
for its accuracy. Mention of any companies
and their products does not imply endorsement
by the United Nations.
The designations
employed and the presentation of the material
in this publication do not imply the expression
of any opinion whatsoever on the part of
the Secretariat of the United Nations concerning
the legal status of any country, territory,
city or area, or of its authorities, or
concerning the delimitation of its frontiers
or boundaries.
©2007 United Nations
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