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How Has Regional Integration Taken Place in Other Regions? : Lessons for South Asia

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collection.link.283
https://openknowledge.worldbank.org/handle/10986/22029
collection.name.283
SARConnect
dc.contributor.author
Kathuria, Sanjay
dc.contributor.author
Shahid, Sohaib
dc.contributor.author
Ferrantino, Michael Joseph
dc.date.accessioned
2015-06-17T15:38:01Z
dc.date.available
2015-06-17T15:38:01Z
dc.date.issued
2015-04
dc.description.abstract
As the momentum for multilateral trade liberalization has slowed, an increasing amount of liberalization is taking place at a regional level. As of April 2015, there are 406 regional trade agreements (RTAs) in force worldwide, more than double the number in force in 2000. These agreements cover over half of international trade. Countries engage in regional cooperation for a variety of reasons. First, it is easier to achieve agreement among a small number of regional partners than it is globally. Second, regional cooperation takes advantage of existing natural tendencies for regional trade that arise from geography and shared culture. This reinforces the regional division of labor already taking place among firms. Global value chains, in which lead firms organize a division of labor for complex products among many countries, often turn out to have a regional focus. Think, for example, of the electronics value chain in East Asia, and the automotive value chains focused on the United States, Germany, and Japan. South Asia itself is a small but growing part of value chains in textiles and apparel with both regional depth and cross-linkages to East Asia. This piece will focus on four aspects of trade liberalization (trade facilitation, non-tariff measures/barriers, intra-regional investment, and energy cooperation) that go beyond traditional preferential tariff reduction to illustrate both the potential of south-south liberalization and some of the particular challenges faced by South Asia. There is widespread agreement that deeper regional engagement in these areas will benefit the people of South Asia.
en
dc.identifier.uri
http://hdl.handle.net/10986/22030
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
SARConnect,issue no. 2;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
COMMON MARKET
dc.subject
TARIFFS
dc.subject
HARMONIZATION
dc.subject
TRADE VOLUMES
dc.subject
INVESTORS
dc.subject
CAPITAL CONTROLS
dc.subject
TRADE SHARE
dc.subject
MULTILATERAL TRADE
dc.subject
FREE TRADE AGREEMENT
dc.subject
WORLD TRADE ORGANIZATION
dc.subject
INTERNATIONAL TRADE
dc.subject
BARRIERS
dc.subject
TRADE COSTS
dc.subject
BARRIER
dc.subject
REGIONAL TRADE AGREEMENTS
dc.subject
FOREIGN INVESTORS
dc.subject
INFORMATION TECHNOLOGY
dc.subject
INVESTMENT PROVISIONS
dc.subject
REGIONAL STANDARDS
dc.subject
INCOME
dc.subject
VALUE
dc.subject
COMPETITIVENESS
dc.subject
CONVERGENCE
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
REGIONAL LEVEL
dc.subject
EUROPEAN UNION
dc.subject
EXCHANGE
dc.subject
PROTECTIONS
dc.subject
CROSS-BORDER ISSUES
dc.subject
ELECTRONIC TRADE
dc.subject
HARMONIZATION OF REGULATIONS
dc.subject
EXPORTS
dc.subject
AGRICULTURE
dc.subject
INCOME COUNTRIES
dc.subject
REGIONAL AGREEMENTS
dc.subject
NATIONAL POLICIES
dc.subject
TRADE FACILITATION
dc.subject
PRICE
dc.subject
TRADE LIBERALIZATION
dc.subject
PAYMENTS
dc.subject
MULTILATERAL TRADE LIBERALIZATION
dc.subject
FREE TRADE
dc.subject
REGULATORY REGIMES
dc.subject
DISPUTE RESOLUTION
dc.subject
MUTUAL RECOGNITION OF STANDARDS
dc.subject
CUSTOMS CLEARANCE
dc.subject
TRADE AGREEMENTS
dc.subject
IMPORTING COUNTRY
dc.subject
REGIONAL INTEGRATION
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
EXPORTING COUNTRY
dc.subject
TRADE
dc.subject
MUTUAL RECOGNITION
dc.subject
GDP
dc.subject
GOODS
dc.subject
DISPUTE RESOLUTION MECHANISM
dc.subject
SECURITY
dc.subject
COSTS
dc.subject
INVESTMENT
dc.subject
REGIONAL PARTNERS
dc.subject
DOMESTIC PRODUCTION
dc.subject
SHARE
dc.subject
REGIONAL COOPERATION
dc.subject
INVESTMENT CLIMATE
dc.subject
TARIFF
dc.subject
REGIONAL TRADE
dc.subject
ECONOMIC COOPERATION
dc.subject
TARIFF REDUCTION
dc.subject
CUSTOMS
dc.subject
INVESTMENT AGREEMENT
dc.subject
INVESTMENTS
dc.subject
WORLD TRADE
dc.subject
INTELLECTUAL PROPERTY
dc.subject
COMMUNICATION
dc.subject
POLICY RESEARCH
dc.subject
OPEN BORDERS
dc.subject
TRADE FRICTIONS
dc.subject
RULES OF ORIGIN
dc.subject
PREFERENTIAL TARIFF
dc.subject
PREFERENTIAL TARIFF REDUCTION
dc.subject
ACCESS
dc.subject
TRADE INFORMATION
dc.subject
ECONOMIC COMMUNITY
dc.subject
APPAREL
dc.subject
QUANTITATIVE RESTRICTIONS
dc.subject
OUTCOMES
dc.subject
TRANSFER OF FUNDS
dc.subject
TRADING PARTNERS
dc.subject
TECHNICAL BARRIERS
dc.subject
TRADE AGREEMENT
dc.subject
INTRA-REGIONAL TRADE
dc.subject
LIBERALIZATION
dc.subject
NON-TARIFF MEASURES
dc.subject
EQUITABLE TREATMENT
dc.title
How Has Regional Integration Taken Place in Other Regions?
en
dc.title.subtitle
Lessons for South Asia
en
dc.type
Brief
en
okr.date.disclosure
2015-06-08
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Brief
okr.docurl
http://documents.worldbank.org/curated/en/2015/06/24599908/regional-integration-taken-place-other-regions-lessons-south-asia
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b082f08af1_1_0
okr.identifier.internaldocumentum
24599908
okr.identifier.report
97141
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/06/08/090224b082f08af1/1_0/Rendered/PDF/How0has0region0ssons0for0South0Asia.pdf
en
okr.region.administrative
South Asia
okr.region.geographical
South Asia
okr.topic
International Economics and Trade :: Free Trade
okr.topic
International Economics and Trade :: Trade and Regional Integration
okr.topic
Law and Development :: Trade Law
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
International Economics and Trade :: Trade Facilitation
okr.unit
Trade Compet - GP - IBRD (GTCDR)

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