Policies to Enhance Trade Facilitation in South Asia and Southeast Asia
This Asian Development Bank Institute publication identifies the state of play of trade facilitation and provides an overview of intra- and inter-regional trade in South and Southeast Asia. It highlights key challenges and bottlenecks to effective trade facilitation, ranging from the lack of expert human resources such as information technology specialists in small landlocked countries (Bhutan and Nepal), to the high border transaction costs and severe congestion faced at border crossing points, and the lack of effective dialogue on bilateral enhancement of trade facilitation. Regional initiatives such as the South Asia Subregional Economic Cooperation Program aim to address these challenges through customs modernization and harmonization, automation, and the use of international best practices in border procedures.
Author: Anthony Bayley
Tags: South Asia, Trade Facilitation, Trade Policy, Southeast Asia, ADB, ICT, Bhutan, Nepal, SASEC, Customs