Cross-Border Power Trading in South Asia: A Techno Economic Rationale
South Asian countries have a wealth of diverse energy sources. These renewable resources, along with the varying electricity demand patterns among countries in South Asia, open up opportunities to share resources through electricity trading, which can be enabled by strengthening the electricity transmission system. This study examines the cost and benefit of six cross-border electricity transmission interconnections, and measures the economic and reliability benefits for participating countries in South Asia.
Author: Priyantha Wijayatunga, D. Chattopadhyay and P. N. Fernando
Tags: Energy, SAARC, Regional Trade, ADB, ADB RCI
Cross-Border Electricity Cooperation in South Asia
Strengthening cross-border electricity cooperation in South Asia can be part of the solution for providing adequate and reliable electricity. This World Bank Policy Research Working Paper reviews the status of cross-border electricity cooperation in South Asia, identifies key regional-level barriers to expand cross-border cooperation and trade in South Asia, and discusses the extent to which current domestic sector policies impede greater cross-border electricity cooperation. Finally, the findings offer policy recommendations on increased cross-border trade and cooperation.
Author: Anoop Singh, Tooraj Jamasb, Rabindra Nepal, and Michael Toman
Tags: Energy, Regional Cooperation, Regional Trade, Bangladesh, Bhutan, India, Maldives, Nepal, South Asia, Sri Lanka, Trade, Trade Policy, WB
UNCTAD Handbook of Statistics 2014
The UNCTAD Handbook of Statistics is a collection of statistics and indicators relevant to the analysis of international trade, investment and development. The 2014 edition shows the increasing convergence of trade balance between developing and developed economies continues. The report also includes regional trade data from South Asia that shows average annual growth rate of international trade improved from a previous deficit of -7.1% in 2012 to -0.1% in 2013. However, trade balance ran a deficit of -26.51% compared to the previous year's -25.94%. Trade indicators also report intra-trade in South Asian Association for Regional Cooperation region rose modestly from US$ 20,219 million to US$ 23,181 million between 2012 to 2013 and maintains intra-regional trade percentage at 5.8%.
Author: United Nations Conference on Trade and Development
Tags: UNCTAD, Regional Trade, Development, Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka, Transport
A Connectivity-Driven Development Strategy for Nepal: From a Landlocked to a Land-Linked State
Transforming Nepal from a landlocked into a land-linked state, the authors argue, could be key to unlocking the country's much-awaited growth. With its strategic location between India and the People's Republic of China, a connectivity-driven development strategy could energize Nepal's lackluster post-conflict economic performance. Further, Nepal implements a multi-track approach to promoting regional cooperation and integration in connectivity with its neighbors, reinforced through participation in South Asian Association for Regional Cooperation, Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, and South Asia Subregional Economic Cooperation. By identifying ten priority projects that could further boost Nepal's connectivity, the paper also discusses how strengthening Nepal's transport, energy, and trade links could benefit the region. However, the authors also warn against “internal threats” to Nepal's development—corruption and the country's difficult political situation.
Author: Pradumna B. Rana and Binod Karmacharya
Tags: Nepal, Economic Corridor, Regional Trade, Connectivity, Development, Economic Growth, SASEC, India, Regional Cooperation, Regional Integration, SAARC, BIMSTEC, Transport, Energy, Trade
Mega-regional Trade Agreements: Game-Changers or Costly Distractions for the World Trading System?
This document explores the impact of regional trade agreements such as mega-regionals on countries that are not part of World Trade Organization negotiations. It focuses on trade-diverting effects of Trans-Pacific Partnership and Trans-Atlantic Trade and Investment Partnership such as the potential for multilateralization and discrimination. The report further explores potential impact of mega-regionals on Asia-Pacific, Sub-Saharan Africa, and Latin America. The latter sections highlight the opportunities and challenges in promoting coexistence of these future agreements with the multilateral trading system.
Author: World Economic Forum
Tags: Asia-Pacific, Regional Trade, Trade Policy, India, WTO
The Future of the World Trading System: Asian Perspectives
According to WTO Director-General Pascal Lamy, the problems facing Asian regionalism are a scaled-down version of the problems facing the world. Thus, solutions that address Asia’s noodle bowl would most likely work at the global level. This concise collection of short chapters is based on longer papers presented at the Geneva Conference on 11-12 March 2013, organized by the Asian Development Bank Institute and Centre for Trade and Economic Integration at the Graduate Institute of International and Development Studies, in collaboration with WTO. The chapters are written by leading Asian and international trade experts on key changes taking place in the world trading system and its policy implications for Asia.
Author: Richard E. Baldwin, Masahiro Kawai, and Ganeshan Wignaraja, eds.
Tags: Regional Integration, Trade Policy, Trade, Global Value Chains, Global Production Network, Regional Trade, Trade Facilitation, India