Trade Facilitation In Asia And The Pacific: Which Policies And Measures Affect Trade Costs The Most?
Trade facilitation, broadly defined here as the reduction of (direct and indirect) trade costs, has become a priority for developing countries who seek to maintain their competitiveness. Indeed, international trade costs faced by developing countries remain high, including for intra-regional trade. This is also the case in Asia, where trade facilitation performance varies greatly across sub regions, as well as within countries in each sub region. Trade facilitation performance is affected by a wide range of factors. Some are inherent to the location, culture or history of the trading partners and may be difficult to address through policy, at least within a reasonable time frame.