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How Can South Asia Turn Its Proximity from a Burden to an Advantage?

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dc.contributor.authorMathur, Priya
dc.contributor.authorKathuria, Sanjay
dc.date.accessioned2019-03-26T19:02:34Z
dc.date.available2019-03-26T19:02:34Z
dc.date.issued2019-03
dc.description.abstractAround the world, trade has played a critical role in reducing poverty. Some of the most successful countries in East Asia, Europe, and North America owe much of their success to strong trade relations with their neighbors. However, South Asian countries have yet to reap the benefits of proximity. Intraregional trade accounts for a little more than 5 percent of South Asia’s total trade, compared with 50 percent in East Asia and the Pacific and 22 percent in Sub-Saharan Africa.The World Bank’s recent report, A Glass Half Full: The Promise of Regional Trade in South Asia, clearly illustrates the gaps between current and potential trade in South Asia.The force of gravity—the degree of trade attraction between countries—is also manifest in high levels of informal trade. Informal trade has been estimated at 50 percent of formal trade in South Asia, aggregating assessments of various studies covering the 1993 to 2005 period.The large gaps between actual and potential trade arise because South Asian trade regimes discriminate against each other. This can be shown through an index of trade restrictiveness. Based on global trade data, such an index generates an implicit tariff that measures a country’s tariff and non-tariff barriers on imports. In India, Pakistan, and Sri Lanka, the index is two to nine times higher for imports from South Asia than from the rest of the world.Moreover, although the average burden of non-tariff measures may not appear high, it is high for specific product and market combinations in South Asia. It varies from over 75 percent to over 2,000 percent. Sri Lanka consistently appears on the list of product-market combinations with the highest trade restrictiveness index in the region. Barriers that have held back trade and investment within South Asia include tariffs and para tariffs, real and perceived non-tariff barriers, connectivity costs as manifested in the cost of air travel, and the broader trust deficit.en
dc.identifierhttp://documents.worldbank.org/curated/en/889941553259868763/How-Can-South-Asia-Turn-Its-Proximity-from-a-Burden-to-anAdvantage
dc.identifier.doi10.1596/31440
dc.identifier.urihttps://hdl.handle.net/10986/31440
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesSARConnect;No. 5
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectREGIONAL INTEGRATION
dc.subjectINTRAREGIONAL TRADE
dc.subjectREGIONAL TRADE
dc.subjectTRADE LIBERALIZATION
dc.subjectSOUTH ASIA FREE TRADE AREA
dc.subjectTARIFFS
dc.subjectNON-TARIFF BARRIERS
dc.subjectCONNECTIVITY
dc.subjectAIR TRANSPORT
dc.subjectINTERDEPENDENCE
dc.titleHow Can South Asia Turn Its Proximity from a Burden to an Advantage?en
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleHow Can South Asia Turn Its Proximity from a Burden to an Advantage?
okr.date.disclosure2019-03-22
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/889941553259868763/How-Can-South-Asia-Turn-Its-Proximity-from-a-Burden-to-anAdvantage
okr.guid889941553259868763
okr.identifier.doi10.1596/31440
okr.identifier.externaldocumentum090224b086aca71e_1_0
okr.identifier.internaldocumentum30923861
okr.identifier.report135489
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/889941553259868763/pdf/135489-BRI-21-3-2019-18-43-15-HowcanSAturnitsproximityweb.pdfen
okr.region.administrativeSouth Asia
okr.region.geographicalSouth Asia
okr.topicTrade and Multilateral Issues
okr.topicInternational Economics and Trade::Rules of Origin
okr.topicInternational Economics and Trade::Trade Liberalization
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Trade and Multilateral Issues
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicInternational Economics and Trade::Trade and Transport
okr.unitSouth Asia (GMTSA)
relation.isAuthorOfPublicationb461f96b-73b0-5823-8923-346cb9699705
relation.isAuthorOfPublication.latestForDiscoveryb461f96b-73b0-5823-8923-346cb9699705
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