Trade Facilitation and Global Supply Chains: The Role of FTA Trade Facilitation Rules in Promoting Global Supply Chains
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One of the important goals of trade facilitation is to lower the costs of trade that serve asa barrier to the developing countries from enjoying the benefits of increased trade andbecoming integrated into global supply chains that account for nearly 60 percent of globaltrade today. The high trade costs that are plaguing most developing countries is mainlyincurred from the lack of adequate trade-related infrastructure and low quality of institutionsthat hinder the efficient flow of goods across and within borders. Therefore, the tradefacilitation rules that are contained in FTAs among bilateral trading partners are inevitablyaimed at deepening their participation in the global value chain network. However, anobservation of the FTAs concluded by Korea and the trade facilitation rules contained thereinshows that the current trade facilitation rules in bilateral FTAs may be of little practical usefor countries that lack the capacity to be involved in the international production activities inthe first place. From the development perspective, the current WTO negotiations on tradefacilitation which take full account of the special and differential treatment needs of the lessdeveloped country members appear more likely to contribute to providing the tradingenvironment that is free from the barriers to trade that have inhibited the less developedcountries from integration into the global supply chains and the benefits thereof.
Abstract
One of the important goals of trade facilitation is to lower the costs of trade that serve asa barrier to the developing countries from enjoying the benefits of increased trade andbecoming integrated into global supply chains that account for nearly 60 percent of globaltrade today. The high trade costs that are plaguing most developing countries is mainlyincurred from the lack of adequate trade-related infrastructure and low quality of institutionsthat hinder the efficient flow of goods across and within borders. Therefore, the tradefacilitation rules that are contained in FTAs among bilateral trading partners are inevitablyaimed at deepening their participation in the global value chain network. However, anobservation of the FTAs concluded by Korea and the trade facilitation rules contained thereinshows that the current trade facilitation rules in bilateral FTAs may be of little practical usefor countries that lack the capacity to be involved in the international production activities inthe first place. From the development perspective, the current WTO negotiations on tradefacilitation which take full account of the special and differential treatment needs of the lessdeveloped country members appear more likely to contribute to providing the tradingenvironment that is free from the barriers to trade that have inhibited the less developedcountries from integration into the global supply chains and the benefits thereof.
참고문헌 (17)
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