Bilateral Trade Flows, Trade Facilitation, and RTAs: Lessons from ECOWAS

Author(s):  
John T. Odebiyi ◽  
Philip Alege
2010 ◽  
Vol 01 (02) ◽  
pp. 227-249 ◽  
Author(s):  
JOHN S. WILSON ◽  
XUBEI LUO ◽  
HARRY G. BROADMAN

This paper examines the impact of improved trade facilitation measures and institutional capacity in a set of economies in transition Europe. Our results suggest that behind-the-border barriers play an important role in determining bilateral trade flows (controlling for the effects of tariffs, development levels, distance, and regional characteristics of exporters and importers, among other factors). For European Union (EU) members that joined the Union in 2004 and less developed and candidate members raising capacity in port efficiency and information technology infrastructures halfway to the EU-15 average, trade could expand by US$49 billion and US$62 billion respectively. In the context of the economic crisis and fragile recovery, as well as efforts to strengthen Europe integration, efforts to facilitate trade with investments to raise capacity in trade facilitation should be considered as part of policy steps going forward.


2021 ◽  
Author(s):  
AISDL

In a globalized economy, countries actively participate in Free Trade Agreements (FTAs) to bring their advantageous products to the global market through cross-border transport to satisfy customers. Trade Facilitation (TF) has become key to address the difficulties faced by traders in cross-border transport. In the trend of global TF, Vietnam has always been committed to implement TF measures by simplify customs procedures and improving customs clearance efficiency at the border crossing in order to help traders reduce their trading costs. This paper mainly considers the impact of TF measures on Vietnam‘s trade flow under the effect of FTAs. Using the gravity model extended with quantitative measures of customs environment, regulatory environment, and service infrastructure, this paper estimates the impact of TF on bilateral trade flows with Vietnam. The results show that port and customs effects have positive impacts on Vietnam's trade flows. The results also show that these impacts are consistent despite the existence of FTAs. The implementation of TF measures always requires coordination of countries to produce the best results. Indeed, the increase in trade flows between countries will bring economic benefits. And when the reforms of TF are strictly implemented, reducing trade costs will increase trade volume. In a nutshell, TF has gradually become one of the important factors of economic growth.


2020 ◽  
Vol 38 (2) ◽  
Author(s):  
Margarita Billon ◽  
Ernesto Rodriguez-Crespo

This paper studies the impact of internet, mobile phones and broadband use on bilateral trade flows of 33 sub-Saharan countries over the period 2004-2014. We use a gravity model in which in addition to standard variables we investigate the joint impact of ICT use and trade facilitation on intra-trade flows. We find positive and significant effects for mobile phone subscriptions for the exporting country; positive impacts of broadband for both the exporting and importing countries and positive influence of internet use for the importing country. We also find a negative impact of trade facilitation on bilateral trade and an inverse relationship between ICT use and trade facilitation suggesting that the lack of trade facilitation might be hindering the potential benefits of ICT use in intra-Sub-Saharan African trade.


World Economy ◽  
2009 ◽  
Vol 32 (5) ◽  
pp. 735-753 ◽  
Author(s):  
Marion Jansen ◽  
Roberta Piermartini

1986 ◽  
Vol 59 (4) ◽  
pp. 623 ◽  
Author(s):  
Rajendra K. Srivastava ◽  
Robert T. Green

2016 ◽  
Vol 17 (1) ◽  
pp. 25-36
Author(s):  
Nguyen Khanh Doanh ◽  
Jeehoon Lee ◽  
Yoon Heo

This study analyzes the impacts of the formation of AFTA (ASEAN Free Trade Agreement) on China’s agricultural exports. The Hausman-Taylor analysis is applied to panel data collected from China and its 68 trading partners from 1993–2012. Our major findings areas follows. First, the discrimination in tariffs imposed by AFTA diverts trade in agricultural products from China toward AFTA’s member countries. Second, at the sectoral level, the trade diversion effects of AFTA’s formation on China’s exports are significant in the case of beverage and tobacco industries. AFTA and China need to focus more on diversifying and differentiating their farming products. To gain better access to AFTA’s market, more investment in research and development activities is recommended as a cure for Chinese farmers. Moreover, this study implies that more efforts in reducing tariff and non-tariff barriers to further liberalize trade between China and AFTA could enhance their bilateral trade flows.


2005 ◽  
Author(s):  
Michael A. Kouparitsas ◽  
Marianne Baxter

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