Trade Facilitation, LDC Accession Dominate Agenda at Paris Trade Ministers’ Meet
During the OECD’s Ministerial Council meeting, trade ministers discussed the potential for finalizing an agreement on trade facilitation and updated guidelines on WTO accession for the LDCs. See ICTSD analysis.
[Republic of] Korea and Colombia close to striking FTA
Trade officials from [the Republic of] Korea and Colombia indicated that their countries will soon conclude a free trade agreement. [The Republic of] Korea’s automobile sector is expected to benefit greatly from this FTA as the tariff for [Republic of] Korea-exported cars is currently 35%. Analysis by the Jakarta Post.
India PM Manmohan Singh in historic Myanmar visit
Heads of state from India and Myanmar signed agreements on border area development, air services, cultural exchanges worth $500m and also agreed the establishment of a joint trade and investment forum. See BBC’s analysis.
Mexico: Participate in TPP talks
The Mexican Ambassador to Japan Claude Heller announced that Mexico would welcome Japan's participation in the Trans-Pacific Partnership talks because it would help make potential new trading bloc "a very important actor" on the international stage. Analysis of the Japan Times.
AIEN Workshop “Production Networks and Trade Policy in Turbulent Times” successfully concluded
From May 16-18 the second AIEN workshop was held in the ADB headquarters in Manila. The learning event was attended by government officials, academics and ADB staff from more than 10 countries in Asia. Topics discussed included the role of production networks, case studies from successfully concluded Free Trade Agreements (FTAs) as well as “New Trade Issues” such as intellectual property rights, government procurement, and investment. The e-learning materials will be available shortly on the AIEN website. See agenda.
Blog : Trade Spotlight
ASEAN’s newer members and the Asian noodle bowl: Coming to grips with multilateralism
Arguably the greatest trade policy challenge facing ASEAN’s newer members — Cambodia, the Lao PDR, Myanmar and Viet Nam (CLMV) — are the non-tariff barriers restricting trade. Nevertheless, traditional trade instruments such as the tariff and policy relating to its management remain important and should not be ignored. Read more.
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Featured Publication
World Bank Policy Research Working Paper 5976: Food Standards and Exports – Evidence from [the People's Republic of] China
The authors find that the introduction of food standards (both voluntary and mandatory) by the exporting country increases export flows. They examine the case of the People’s Republic of China, and find that the effect is largest when the introduced standards are consistent with international norms. The empirical evidence shows that the introduction of one additional internationally harmonized standard increases exports by up to 0.64 percent. This example shows that food standards signal the customer that products meet certain quality measures and that the benefits from increased exports outweigh compliance costs. Read more.
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