Abstract

Regional implementation of trade facilitation reforms can bring more significant benefits to regional economic communities (REC) and their member states rather than uncoordinated measures applied by each country autonomously. Regional approaches can ensure that traders in the same region are not burdened by differing customs formalities and cross-border requirements that hinder cross-border trade in the region. Importantly, uniform formalities and procedures conceived and coordinated at the regional level can remove bottlenecks, increase the participation of small and medium-sized enterprises (SMEs) and enhance the competitiveness of regional value chains, thus deepening regional integration.

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