Strengthening Regional Trade Integration in South Asia

Strengthening Regional Trade Integration in South Asia
Author: Owais Hasan Khan
Publisher: Springer Nature
Total Pages: 221
Release: 2021-03-05
Genre: Law
ISBN: 9813367776

This book brings forth the philosophical, conceptual and practical contours of the trade regionalism provisions under the GATT/WTO. It analyses SAARC as the regional integration organisation of South Asia along with identifying major challenges and bottlenecks faced by it in the process of achieving regional integration. It presents ways and methods through which SAARC can be made a more effective regional organisation. The book predominantly focuses on trade regionalism. However, other areas of integration which have impacts on the trade regionalism are also examined like social and political integrations etc. The book takes off from the premise that trade regionalism under SAARC has failed and has been marred by political and security concerns among its member nations. It has failed to achieve its objective on all the three counts, which are promoting peace, development and economic cooperation. However, with the developing countries as members, SAARC has great potential for trade integration. Certain structural, normative and organisation alteration along with favourable ideation can still make SAARC achieve its full potential. The book also deals with the comparative analysis of SAARC regional integration with the regional integration under European Union and ASEAN. Regarding comparative regionalism, the discussion has been confined only to the EU and ASEAN. The EU has been chosen because it is comparatively established as one of the most successful regional organisations in the contemporary world. Whereas, ASEAN has been chosen because of its similarity to the SAARC’s economy, society and political structure. The analysis presented in the book is from the perspectives of international law and international relations’ theories and practise. This book thus is of particular relevance to the students, researchers, academicians, policymakers and practitioners of international trade law, international relations and South Asian studies.

Connecting South Asia and Southeast Asia

Connecting South Asia and Southeast Asia
Author: ADBI
Publisher: Brookings Institution Press
Total Pages: 320
Release: 2016-03-08
Genre: Business & Economics
ISBN: 4899740484

This report analyzes how closer regional connectivity and economic integration between South Asia and Southeast Asia can benefit both regions, with a focus on the role played by infrastructure and public policies in facilitating this process. It examines major developments in South Asian–Southeast Asian trade and investment, economic cooperation, the role of economic corridors, and regional cooperation initiatives. In particular, it identifies significant opportunities for strengthening these integration efforts as a result of the recent opening up of Myanmar in political, economic, and financial terms. This is particularly the case for land-based transportation—highways and railroads—and energy trading. The report’s focus is on connectivity in a broad sense, covering both hardware and software, including investment in infrastructure, energy trading, trade facilitation, investment financing, and support for national and regional policies.

Regional Integration and Economic Development in South Asia

Regional Integration and Economic Development in South Asia
Author: Sultan Hafeez Rahman
Publisher: Edward Elgar Publishing
Total Pages: 425
Release: 2012-04-01
Genre: Business & Economics
ISBN: 1781005249

South Asian leaders have made it a priority to tackle key regional issues such as poverty, environment degradation, trade and investment barriers and food insecurity, among others.

Strengthening Regional Trade Integration in South Asia

Strengthening Regional Trade Integration in South Asia
Author: Owais Hasan Khan
Publisher:
Total Pages: 0
Release: 2021
Genre:
ISBN: 9789813367784

This book brings forth the philosophical, conceptual and practical contours of the trade regionalism provisions under the GATT/WTO. It analyses SAARC as the regional integration organisation of South Asia along with identifying major challenges and bottlenecks faced by it in the process of achieving regional integration. It presents ways and methods through which SAARC can be made a more effective regional organisation. The book predominantly focuses on trade regionalism. However, other areas of integration which have impacts on the trade regionalism are also examined like social and political integrations etc. The book takes off from the premise that trade regionalism under SAARC has failed and has been marred by political and security concerns among its member nations. It has failed to achieve its objective on all the three counts, which are promoting peace, development and economic cooperation. However, with the developing countries as members, SAARC has great potential for trade integration. Certain structural, normative and organisation alteration along with favourable ideation can still make SAARC achieve its full potential. The book also deals with the comparative analysis of SAARC regional integration with the regional integration under European Union and ASEAN. Regarding comparative regionalism, the discussion has been confined only to the EU and ASEAN. The EU has been chosen because it is comparatively established as one of the most successful regional organisations in the contemporary world. Whereas, ASEAN has been chosen because of its similarity to the SAARC's economy, society and political structure. The analysis presented in the book is from the perspectives of international law and international relations' theories and practise. This book thus is of particular relevance to the students, researchers, academicians, policymakers and practitioners of international trade law, international relations and South Asian studies. .

Connecting to Thrive

Connecting to Thrive
Author: Matías Herrera Dappe
Publisher: World Bank Publications
Total Pages: 167
Release: 2021-06-07
Genre: Business & Economics
ISBN: 1464816352

Because trucks in Bangladesh and India are not allowed to operate across the border, cargo is transloaded at the border, and Indian trucks traveling between northeast India and the rest of India must go around Bangladesh through the Siliguri Corridor, which significantly increases transport and trade costs. This lack of integration means that it is more costly for Bangladesh and India to trade with each other than for either of them to trade with Europe. As a result, bilateral trade represents only about 10 percent of Bangladesh’s trade and a mere 1 percent of India’s trade. Connecting to Thrive: Challenges and Opportunities of Transport Integration in Eastern South Asia presents a collection of innovative technical analyses that show what is needed to achieve seamless connectivity in the region. The report explores the extent to which the Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement (MVA) supports the cross-border operation of road transport services and identifies the gaps in the agreement that need to be addressed to improve its effectiveness. It assesses the potential shift of freight traffic to new routes and modes in eastern India and Bangladesh once the MVA is implemented and the potential impact of the MVA on wages, employment, and income in Bangladesh and India. It explores how the local impacts of a regional corridor could be enhanced in rural areas by improving access to markets along the corridors and how women’s participation in export-oriented agriculture value chains could be improved to allow women to take advantage of improved regional connectivity. Connecting to Thrive will be of interest to policy makers, private sector practitioners, and academics with an interest in regional connectivity in eastern South Asia.

A Glass Half Full

A Glass Half Full
Author: Sanjay Kathuria
Publisher: World Bank Publications
Total Pages: 218
Release: 2018-09-07
Genre: Business & Economics
ISBN: 1464812950

Trade has played a critical role in global poverty reduction. In harnessing the potential of trade, some of the most successful countries have developed strong trade relationships with their neighbors. However, many South Asian countries have trade regimes that often offset the positive impact of geography and proximity. This report documents systematically the gaps between current and potential trade in South Asia and addresses important specific barriers that have held trade back. These barriers include tariffs and paratariffs, real and perceived nontariff barriers, connectivity costs, and the broader trust deficit. This policy-focused report unpacks these critical barriers to effective trade integration in South Asia through four in-depth studies that produce new, detailed, on-the-ground knowledge. Three of the studies are based on extensive stakeholder consultations. Two also rely on tailored surveys. The fourth study, on tariffs, benefits from new data on paratariffs. The report also marshals new evidence showing how trading regimes in South Asia discriminate against each other. Given the South Asian context, incremental, yet concrete steps aimed at tapping the potential of deeper integration are appropriate. The report has been drafted in this spirit. It offers precise, actionable policy recommendations that could help achieve measurable progress in key areas of trade and integration that would be to the advantage of all countries in the region.

Regional Trade and Economic Integration

Regional Trade and Economic Integration
Author: Ram Upendra Das
Publisher: World Scientific
Total Pages: 253
Release: 2012
Genre: Business & Economics
ISBN: 9814374601

The Asia-Pacific region has emerged as a dominant player in trade and will continue to be an influential component of world trade and economics. This book presents an informative outlook on the various regional and trade agreements (RTAs) and their beneficial effects on bilateral trade. In particular, the authors concentrate on India and China, the two major rising powers, and the impact of exchange of information and sharing of resources between these two countries in wide-ranging areas. It provides an incisive analysis and a roundup of all major RTAs and also presents an overview of all major agreements between the countries involved, which might propel their trade numbers and influence future economic engagements. The book also discusses possible obstacles that are encountered during the implementation of RTAs and circumvention routes that can be taken to ensure the successful execution of the agreements. International trade agreements, such as General Agreements on Trade and Tariffs, which have revolutionized the trade dynamics by opening up new areas of trade and formulating specific guidelines for the member countries to adhere to during trade negotiations, are discussed. The book also provides new insights into some of the issues under negotiation, such as sensitive lists, trade, investment cooperation, and trade in services. The existing economic cooperation arrangements in the region as well as those that are at various stages of study and negotiations, empirical insights and policy suggestions are elucidated in detail.

Strengthening Trade along the Dhaka–Kolkata Route

Strengthening Trade along the Dhaka–Kolkata Route
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 82
Release: 2021-12-01
Genre: Business & Economics
ISBN: 9292692127

The economies of Bangladesh and India are driven by fast-growing bilateral trade. The efficient movement of goods between the two countries is essential to their economic growth. However, inefficient procedures at land crossings, paired with infrastructure constraints on both sides of the border, inflate the time and costs of conducting trade. This study examines some of the key bottlenecks to trade on land between Dhaka and Kolkata, and provides recommendations on how to address them. Reducing traffic congestion along the major routes, and improving facilities and clearance procedures at the border crossings can significantly improve trade between Bangladesh and India, and contribute to more robust economic growth across the South Asia Subregional Economic Cooperation zone as a whole.

Regional Integration in South Asia

Regional Integration in South Asia
Author: Prabir De
Publisher: K W Publishers Pvt Limited
Total Pages: 268
Release: 2017
Genre: South Asia
ISBN: 9789386288141

There is a general consensus among policymakers, academicians and development practitioners that transport connectivity lies at the heart of deepening regional cooperation and integration in South Asia. It is being increasingly recognised now that development of production networks and value chains and promotion of trade and investment depend critically on the efficacy of transport linkages within and across countries. In absence of good transport connectivity, exporters lose competitiveness, domestic producers face cost-hike and delay and consumers' interests get undermined. Throughout all his active life, Dr. M. Rahmatullah had relentlessly championed the cause of multimodal connectivity in South Asia, and also seamless movement of goods across all of Asia. His dream was to build an integrated South Asia through corridors and gateways, which will be well connected with pan-Asian transport networks. His seminal contributions had put connectivity as central to economic prosperity and regional economic integration in the region. One recalls that member countries of the South Asian Association for Regional Cooperation (SAARC) had pledged to achieve the South Asia Economic Union (SAEU) by turn of the ongoing decade, where an efficient, secure and integrated transport network was identified to play a catalytic role. Trade was to play a crucial part in this scenario. Regrettably, South Asia is a case in point, where country-specific constraints impeded trade between countries. Consequently, goods often lose competitiveness at home before being sold overseas. One of the key tasks before South Asian countries is, therefore, to build gateways and multimodal corridors, which are the building blocks for creating an integrated spatial economic region in South Asia. In this backdrop, this collection of essays in honour of Dr. M. Rahmatullah deals with a diverse range of issues concerning trade and integration in South Asia, and assesses policy priorities, implementation imperatives and emerging challenges in view of this. Each chapter of the book tries to capture a vital segment of the cross-cutting issues associated with closer transport and economic linkages in South Asia and attempts to draw relevant policy implications in this connection. The volume reviews the progress made in terms of trade and connectivity in South Asia, and suggests ways towards further strengthening of regional integration in the region. We hope that the book will serve as a valuable reference source for policymakers, academics and practitioners working on issues of regional integration in South Asia.

Regional Economic Integration in the Middle East and North Africa

Regional Economic Integration in the Middle East and North Africa
Author: Mustapha Rouis
Publisher: World Bank Publications
Total Pages: 209
Release: 2012-12-11
Genre: Business & Economics
ISBN: 082139729X

This book summarizes the constraints to and opportunities for deepening economic integration within the MENA region and beyond. Trade and investment reform are discussed together with physical connectivity, cross-border trade facilitation, infrastructure networks, and the vital role of logistics.