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If the US-China trade war is here to stay, what are the risks and opportunities for other GVC economies outside the war zone?

Over the last three years, trade tensions between the United States (US) and China have transformed a fairly open bilateral trading environment into a rather protectionist one. The new administration of the United States has maintained most of the bilateral tariffs and non-tariff barriers put in place by the previous administration. Moreover, incentives to diversify trade partners and localisation have been intensified following COVID-19-induced global supply-chain disruptions.

Digital economy integration in Asia and the Pacific: insights from DigiSRII 1.0

In this paper, we utilize ESCAP (2020)’s framework of Digital and Sustainable Regional Integration Index version 1 (DigiSRII 1.0) to uncover digital economy integration trends across Asia-Pacific region. The results show that Asia and the Pacific has progressed well on conventional digital economy integration, especially due to significant improvements on digital-economy infrastructure and ICT goods trade liberalization.

Bolstering East Asian-Latin American value chains through digitally deliverable services

Digitally deliverable services play a growing role in export-driven production in the FEALAC region, but digitally deliverable services from Latin America are used only to a limited extent by producers in Asia, and vice versa. However, this disguises the fast growth in Latin American-Asian digitally deliverable services trade in the past 15 years. Asian manufacturing, agricultural and services exporters have significantly expanded their sourcing from providers in Costa Rica, Chile and Colombia, while Latin American producers have increased sourcing from China, the Philippines and Japan.

A primer on quantifying the environmental benefits of cross-border paperless trade facilitation

The governance of international trade incurs major costs, including to the environment. Global supply chains are complex, and traditionally involve the printing, dispatching, processing, exchanging, and ultimately discarding of vast quantities of paper documents. Trade facilitation, and particularly the implementation of cross-border paperless trade, have the potential to significantly reduce these environmental burdens.

East Asian trade integration in the era of global value chains: Prospects and challenges

This paper examines trade integration of East Asian countries through the lens of global value chains (GVCs). It first gauges the extent and involvement of trade in value-added (TiVA) for East Asian countries. The analysis confirms that reliance on backward GVC participation outside of the region still looms large in East Asia.  This implies, in addition to deepening intraregional integration, linking with global trade and production networks remains important. 

Regional Integration In Bay Of Bengal Region In Post-COVID-19 Period

Bay of Bengal countries have been affected heavily by the ongoing Coronavirus pandemic. This article argues that the regional cooperation could help in reducing the costs of pandemic-driven barriers. The responses to the Corona pandemic also suggest a greater scope of regional cooperation among the countries in the Bay of Bengal region. Regional integration may help the Bay of Bengal countries overcome divisions that impede the flow of trade in goods and services, people and ideas, particularly when all members have been facing a common challenge to beat the Coronavirus pandemic.

A quantitative assessment of economic impact of trade wars and the 'Make in India’ program

In a unique attempt, our paper aims to provide a quantitative economic assessment of the impact of “Make in India”, a flagship program for industrialization, launched by the Government of India in 2014, combining it with the global trade war of 2017-18. We analyze whether the expected favourable impact of the former was reversed due to its reactive policies compared its pro-active policies, and whether it worsened due to the trade war, whose effects continue to aggravate in a post-COVID recalibration of global supply chains.

IPRs, creative economies and localized development initiatives

Creativity and innovation play increasingly important roles in modern societies. In both developed and developing countries alike, artistic, scientific and economic creativity accounts for significant portions of GPD and trade in creative goods is an increasingly important contributor to global trade flows.

Opportunity next door: An analysis of India market entry strategies of Sri Lankan firms

Sri Lanka and India have a bilateral free trade agreement that spans twenty years, and although exports from Sri Lanka to its large neighbouring market has grown over time, the market entry performance has been somewhat lacklustre. Yet, the success of some Sri Lankan firms holds useful insights on what has worked and what has not. The present paper, based on surveying firms and in-depth interviews, assesses the India entry strategies of leading Sri Lankan firms that have established themselves and seen success in India. Their experience bears lessons for others seeking to access the large and growing Indian middle-class market, and provides some salutary messages for trade promotion and facilitation entities to boost bilateral trade.