Reducing  Trade Barriers
World Economy

Reducing Trade Barriers

East Asian economies need to redouble efforts to cut barriers to trade in intermediates and services crucial to continued expansion of cross-border global value chains, according to a World Bank report, Yahoo reported. The bank said the ability of countries to participate in GVCs rests critically on their capacity to efficiently import world-class inputs, technology and know-how. “Within a GVC, imports are critical inputs into exports. Therefore, export success hinges on removing barriers to imports of intermediate goods, broadly defined. Taking a long-term, cross-country perspective, growth in domestic value added in exports is robustly associated with growth in intermediate trade,” WB said in the East Asia Pacific Economic Update. Based on the preliminary results from its ongoing research, the bank confirmed that growth in value added within GVCs is strongly correlated with trade and investment policy, infrastructure and connectivity, the business climate and governance. It noted that boosting infrastructure, deepening trade integration and improving the investment climate are thus also imperative.


Short URL : https://goo.gl/4c6qPK
  1. https://goo.gl/NBsVw1
  • https://goo.gl/NArQiG
  • https://goo.gl/YZg8HL
  • https://goo.gl/xdMpkf
  • https://goo.gl/ijR6u6

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...