|Customs Reform and Modernization Strategies and Action Plan 2017-2021|
The Customs Reform and Modernization Strategies and Action Plan 2017-2021 of the Nepal Department of Customs (DOC) aims to serve as a blueprint of Customs reform for the next four years, with a vision to support Nepal's initiatives toward economic and social prosperity. With Nepal seeing continuous increase of cross-border trade over the last decades, this Plan is being implemented to align Nepal toward international standards. It outlines the DOC's vision, mission, guiding principles, as well as strategies, such as expediting legitimate trade facilitation and enhancing Customs automation and data management, to create a conducive environment for seamless movement of cargo traffic to and from the borders, and help in lowering transaction costs through greater transport facilitation.
Author: Nepal Department of Customs
Download - 4.31 MB
Tags: Customs, Customs Valuation, Nepal, Trade Facilitation, Import, Export, Trade, Revised Kyoto Convention
|Time Release Study: Mechi and Biratnagar Customs 2017|
Time Release Study is a special tool developed by the World Customs Organization to measure effectiveness of operational procedures carried out by Customs, other regulatory agencies and private sector stakeholders in the standard processing of imports, exports, cross border and transit movements. A key activity identified in Nepal's Customs Reform and Modernization Strategies and Action Plan 2013-2017, it identifies the average time taken for clearance of consignments from entry to exit in the Customs area, enabling possible corrective measures to
improve performance. This Study was undertaken to support trade facilitation measures being introduced by the Nepal Department of Customs to reduce bottlenecks to faster Customs clearance, and promote seamless movement of cargo traffic to and from the Country.
Author: Nepal Department of Customs TRS Working Group
Download - 3.24 MB
Tags: Trade Facilitation, Time Release Study, Import, Export, Trade, Nepal, WCO
|Changing Patterns of Trade and Global Value Chains in Postcrisis Asia|
This Asian Development Bank brief examines how patterns of trade and global value chains (GVCs) in developing Asia have changed since the global financial crisis. The paper reports that export slowdown in the region was caused by a combination of weak import demand for Asian goods in advanced economy markets, structural transformation and reduced import demand in the People’s Republic of China, and possible impact of increasing non-tariff measures. According to this paper, it further states that much of the weak import demand is likely
to be temporary — developing Asia gained a 1.5% increase in exports in 2016, after a 0.8% decline in 2015. Among South Asian economies, India and Sri Lanka are expected to have better export volume growth in 2016.
Author: Ganeshan Wignaraja, Juzhong Zhuang, Mahinthan J. Mariasingham, and Madeline Dumaua-Cabauatan
Download - 1.39 MB
Tags: Global Value Chains, Import, Export, India, Sri Lanka, Non-Tariff Measures, Trade Facilitation
|Asia-Pacific Trade and Investment Report 2016: Recent Trends and Developments|
The Asia-Pacific Trade and Investment Report 2016 reports that the Asia-Pacific region is still the largest exporter of goods globally, with a share of 40%. Its share in commercial services trade is also on the rise, while restrictiveness of services trade has not increased. Foreign direct investment (FDI) inflows is also growing at a much faster pace compared to the global average, with special economic zones being used as one of the modalities to attract FDI. India, in particular, has been attracting an increasing portion of FDI inflows, both from outside and inside the region. While economies in Asia and the Pacific continue to make progress toward trade facilitation, there are still huge gaps among subregional economies, with much needing to be done to reduce trade costs. Furthermore, efforts undertaken to reduce trade costs through trade facilitation have been partially offset by imposition of a large number of new trade distortive measures globally and regionally, with most of these new measures falling under the non-tariff category.
Author: United Nations Economic and Social Commission for Asia and the Pacific
Download - 10.5 MB
Tags: Export, Trade Facilitation, Non-Tariff Measures, FDI, South Asia, India, Special Economic Zones
|Implementing the Trade Facilitation Agreement: From Vision to Reality|
Low income to upper-middle income countries stand to gain a 14.6% to 16.5% reduction in trade costs upon implementation of the World Trade Organization's (WTO) Trade Facilitation Agreement (TFA). This publication looks at progression of the TFA – from conclusion of the talks at the 2013 Bali Ministerial Conference to preparations for the Agreement to take effect, as the valedictory moment of the TFA's entry into force nears. It highlights milestones, discusses the state of the ratification process, reviews implementation schedules, and examines work still to be done.
Author: Nora Neufeld
Download - 566 KB
Tags: Trade Facilitation, WTO, Least Developed Countries, Import, Export
|South Asia Economic Focus, Fall 2016: Investment Reality Check|
South Asia continues on a path of gradual acceleration in 2016, led by a solid India. However, amid the resilience to external headwinds, including China’s slowdown and uncertainty surrounding monetary policy in advanced economies, South Asia is starting to feel the effect of slowing remittance flows or waning oil price dividends. Against this backdrop, this World Bank publication forecasts growth for the region at 7.1% in 2016, with its medium-term performance strongly dependent on investment and export turnout. India is set to grow at 7.6% in 2016, with the same speed as in 2015, but may increase its pace again in 2017 to 7.7%. The report highlights how private investment is a key future growth driver across South Asia that could help further boost the pace of economic activity.
Author: World Bank
Download - 5.52 MB
Tags: India, South Asia, Investment, Economic Growth, WB, Export
|World Trade Statistical Review 2016|
The World Trade Statistical Review is the World Trade Organization's latest flagship publication offering a detailed analysis of the latest developments on global trade in goods and services—including developments in trade policy and participation of developing economies and least developed countries—examined through analytical chapters, complemented by over 50 tables. The publication reports that in 2015, developing Asia represented 67% of developing economies’ exports. In merchandise trade, India ranked 9th among the world's top exporter of agricultural products, and continues to be one of the top 3 textile exporters, which accounts for nearly 2/3s of world exports. A 25% decline in LDC exports was reported, due to the negative impact of the drop in fuel prices and mining products. LDC participation in global exports of commercial services also remained negligible at 0.8%. In trade policy making, the publication reported that WTO members introduced 132 measures to facilitate trade, yet applied 154 new trade-restrictive measures during the period between mid-October 2015 and mid-May 2016.
Author: World Trade Organization
Download - 7.34 MB
Tags: Trade, Export, India, Least Developed Countries
|Nepal Investment Guide 2016|
Nepal Investment Guide 2016 was published to provide information about investment opportunities in Nepal and the process of doing business. It identifies potential sectors for investment; relevant government agencies for foreign businesses; existing laws on labor, taxation, and imports and exports; special economic zones; and comparative benefits to investors.
Author: Nepal Office of the Investment Board
Download - 7.97 MB
Tags: Nepal, Import, Export, Investment
|Outward FDI by Indian Manufacturing MNEs: Impacts and Implications |
This Asia-Pacific Research and Training Network on Trade Working Paper investigates the home country effects of outward foreign direct investment (OFDI) on domestic activity of Indian multinational enterprises (MNEs). The empirical evidence suggests that OFDI by Indian MNEs has a positive impact on export intensity and research and development. In order to derive desired complementary benefits of OFDI by manufacturing firms, policies may be directed to enhance the country’s international supply chain connectivity for greater participation in global value chain and production network.
Author: Khanindra Ch. Das
Download - 709 KB
Tags: India, FDI, Global Value Chains, Trade, Export, Development, Manufacturing, UNESCAP
|Estimating the Benefits of Cross-Border Paperless Trade|
Cross-border paperless trade is trade that occurs on the basis of electronic communications and has been part of customs reform efforts in a variety of countries. Increased implementation of cross-border paperless trade is high on the trade facilitation agenda in Asia-Pacific. This report considers six measures to calculate estimates of possible economic benefits of cross-border paperless trade through counterfactual simulations using 2013 data and simple econometric models. Simulation results reveal that this new generation of trade facilitation can significantly reduce trade costs and boost intra- and extra-regional trade in the region. Partial implementation of these measures can lead to an export increase of $36 billion annually. Total direct cost savings across all trade is about $1 billion per annum for partial reform, and $7 billion for full implementation.
Author: United Nations Economic and Social Commission for Asia and the Pacific
Download - 652 KB
Tags: Trade Facilitation, Trade, Asia-Pacific, UNESCAP, Customs, Export, Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka
|Evaluating Aid for Trade on the Ground: Lessons from Bangladesh|
This paper assesses the effectiveness and impact of aid for trade (AfT) in Bangladesh in a series of eight country studies by the International Center for Trade and Sustainable Development. The study argues that the results for AfT are mixed for Bangladesh since it has addressed supply side constraints and contributed to enhancing export competitiveness. However, lack of efficient administrative mechanisms, limited human capacity, and political instability that lead to low absorption capacity limits the overall effectiveness and impact of AfT in Bangladesh.
Author: Fahmida Khatun, Samina Hossain and Nepoleon Dewan
Download - 1.86MB
Tags: Bangladesh, Trade, Aid for Trade, Sustainability, Export, Development, Asia, Gender, LDC, Least Developed Countries
|Returned 11 publications|