Trading Costs in East Asia’s Global Value Chains

Montague Lord

MPRA Paper from University Library of Munich, Germany

Abstract: The WTO’s new Agreement on Trade Facilitation (ATF) will help to reverse the region’s deceleration of overall export growth and, when implemented, could add as much as 3 percent to regional GDP and lift employment across the region by 1.2 percent. In the region’s developing economies, inefficient border and behind-the-border procedures are well above those of the NIEs and far exceed those of the developed economies. Persistent and often growing protectionism has broadly continued as countries have added further measures to their stock of Non-Tariff Measures (NTMs), which now account for as much as 90% of trade costs other than transportation. As such, it defines a new reform agenda for the East Asian economies that could have far-reaching effects on private sector development, especially for small businesses that need greater transparency and simplification of procedures to enable them to more readily access regional and global value chains.

Keywords: WTO; Agreement on Trade Facilitation; ATF; East Asia; Southeast Asia; trade facilitation; non-tariff measures; NTMs; trade costs; trading costs; value chains; regional value chains; global value chains; global supply chains (search for similar items in EconPapers)
JEL-codes: F13 F14 F53 (search for similar items in EconPapers)
Date: 2014-06-01
New Economics Papers: this item is included in nep-int and nep-sea
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Related works:
Working Paper: Trading Costs in East Asia’s Global Value Chains (2014)
Working Paper: Trading Costs in East Asia’s Global Value Chains (2014)
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