Hledat v komentářích
Investiční doporučení
Výsledky společností - ČR
Výsledky společností - Svět
IPO, M&A
Týdenní přehledy
 

Detail - články
How to Make Trade Easier

How to Make Trade Easier

27.6.2012 15:00

The world is now in the fourth year of the Great Recession. So far, the economies belonging to the World Trade Organization have resisted the kind of widespread protectionism that would make a bad situation much worse. But protectionist pressures are building as weary politicians hear more and more calls for economic nationalism.

The WTO’s best defense of open trade is a good offense. A new WTO Trade Facilitation Agreement would benefit all by increasing developing countries’ capacity to trade, strengthening the WTO’s development mandate, and boosting global economic growth. More than a decade after the launch of the Doha Round of global free-trade talks, this agreement could be a down payment on the commitment that WTO members have made to linking trade and development.

Developing countries stand to gain the most from improving trade facilitation. The right support would help traders in poorer countries to compete and integrate into global supply chains.

There are rich opportunities for gains. Inefficiencies in processing and clearing goods put traders in developing countries at a competitive disadvantage. Outdated and inefficient border procedures and inadequate infrastructure often mean high transaction costs, long delays, opportunities for corruption, and an additional 10-15% in the cost of getting goods to market – even more in landlocked countries.

Research by the World Bank suggests that every dollar of assistance provided to support trade-facilitation reform in developing countries yields a return of up to $70 in economic benefits. When funds are directed at improving border-management systems and procedures – the very issues covered by the trade-facilitation negotiations – the impact is particularly significant.

Projects aimed at boosting efficiency and transparency, supported by development banks and bilateral donors, have made a dramatic difference. In East Africa, procedural improvements have reduced the average clearance time for cargo crossing the Kenya-Uganda border from almost two days to only seven hours. In Cameroon, some of our organizations have worked with the World Customs Organization to help the customs authority reduce corruption and increase collection of revenues – estimated to be more than $25 million a year.

On the Laos-Vietnam border, a sub-regional cross-border transport agreement has cut cargo transit times from four hours to just over one hour. A new customs component to a highway project between Phnom Penh and Ho Chi Minh City helped increase the total value of trade through the Moc Bai-Bavet border by 40% over three years. In Peru, some of our banks have worked with international freight forwarders to connect remote villages and small businesses to export markets through national postal services, turning more than 300 small firms into exporters, most for the first time.

The outlines of a new WTO Trade Facilitation Agreement are already clear, but some technical differences remain on specific provisions. Developing countries want a credible commitment to support implementation, such as technical assistance and capacity-building. A World Bank study estimates that the costs of implementing the measures likely to be covered by a Trade Facilitation agreement would be relatively modest – $7-11 million in the countries studied, spread out over a number of years – especially when compared to the expected benefits.

Capacity-building and financing programs for governments that want to improve their trade facilitation are available already. Major donor countries and international development organizations have put a priority on, and increased investment in, trade facilitation. According to the OECD, from 2002 to 2010, trade facilitation-related assistance increased ten-fold in real terms, from almost $40 million to nearly $400 million.

The African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the Islamic Development Bank, and the World Bank stand ready – alongside the WTO – to assist developing countries through the process of full and effective implementation of the agreement. That means helping countries to assess their trade-facilitation needs on a case-by-case basis, match those needs with the resources required, and broker partnerships between recipient countries and development allies to ensure that support is provided quickly and efficiently.

In international negotiations, there is always a way forward if the benefits of an agreement are shared by all. Trade facilitation offers a development dividend for all countries. It is time for WTO members to make progress on issues where there is room to do so. It will be a down payment on a solid investment.

Ahmad Mohamed Ali Al-Madani is President of the Islamic Development Bank. Donald Kaberuka is President of the African Development Bank. Haruhiko Kuroda is President of the Asian Development Bank. Thomas Mirow is President of the European Bank for Reconstruction and Development. Luis Alberto Moreno is President of the Inter-American Development Bank. Robert B. Zoellick is President of the World Bank Group.

Copyright: Project Syndicate, 2012.


Reklama
Nově na Patria.cz - obchodní signály na forexu podle technických indikátorů ADX, Williams R% a klouzavých průměrů!
Váš názor
Na tomto místě můžete zahájit diskusi. Zatím nebyl zadán žádný názor. Do diskuse mohou přispívat pouze přihlášení uživatelé (Přihlásit). Pokud nemáte účet, na který byste se mohli přihlásit, registrujte se zde.
Aktuální komentáře
29.4.2017
16:57Evropské banky by neměly čekat na spásu od ECB. Musí si vzít příklad z Wall Street
8:56Víkendář: Rebel proti carovi nové ruské říše
28.4.2017
22:47Wall Street zakončila duben nevýraznou seancí
19:26Zisky obchodovaných firem jsou mimořádně vysoko. Srovná je korekce?
17:53Summary: Intel zlepšil profitabilitu, Microsoft má silnou marži v cloudových službách
17:52UNICAPITAL ENERGY a.s.: Výroční zpráva za hospodářský rok 2016
17:44Pražská burza uzavřela týden dalším růstem
17:37STING investiční fond s proměnným základním kapitálem, a.s.: Oprava Pololetní zprávy k 30. 6. 2016
17:33Světové akcie: Nejistá koncovka úspěšného měsíce
17:17Pozitivní závěr týdne pro korunu. Euro neudrželo zisky z inflace  
17:08UNICAPITAL a.s.: Ukazatel Equity ratio za hospodářský rok 2016
16:59Home Credit B.V. - zveřejňuje výroční zprávu společnosti
16:52FOCUS INVEST, investiční fond s proměnným základním kapitálem, a.s. zveřejňuje Výroční zprávu
16:51Týden na měnách: Euforie z voleb  
16:45Zisku General Motors se dařilo. Automobilka chce dál šetřit a prodávat za vyšší ceny
16:15Trump za sebou má prvních sto dní. Trhy si ho oblíbily, Američané spíše ne
16:03APS FUND ALPHA uzavřený investiční fond, a.s. zveřejňuje Výroční zprávu fondu za rok 2016
16:03LUCROS investiční fond s proměnným základním kapitálem, a.s.: Konsolidovaná výroční zpráva za období 1. 1. 2016 do 31. 12. 2016
15:57CENTRAL GROUP uzavřený investiční fond a.s.: Výroční zpráva za období 1. 1. 2016 do 31. 12. 2016
15:55INFOND investiční fond s proměnným základním kapitálem, a.s. : Oprava pololetní zprávy Emitenta

Související komentáře
Nejčtenější zprávy dne
Nejčtenější zprávy týdne
Nejdiskutovanější zprávy týdne
Denní kalendář hlavních událostí
Nebyla nalezena žádná data