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The costs of putting in place and maintaining trade facilitation measures are not particularly large and are far smaller than the benefits gained from implementing these measures, according to this study. Moreover, an increasing amount of technical and financial assistance to implement these measures has been made available to developing countries over the last decade.
The costs to implement and maintain trade facilitation measures are not large and far smaller than the benefits gained from implementing these measures, according to this study. Moreover, an increasing amount of technical and financial assistance to implement these measures has been made available to developing countries over the last decade.
Drawing on OECD trade facilitation indicators, this paper finds that the combined effect of comprehensive trade facilitation reform would reach almost 14.5% reduction of total trade costs for low income countries, 15.5% for lower middle income countries and 13.2% for upper middle income countries.
Advance rulings, formalities and procedures, information availability and inter-agency cooperation are the policy areas with the greatest impact on trade volumes and trade costs, according to OECD trade facilitation indicators studied in this report.
Trade can be impeded by inefficient transport infrastructure, border procedures or information flows. Better logistics services reduce trade costs for businesses and improve the competitiveness of a country's exports, according to this study. (OECD Trade Policy Working Paper No. 108)
Trade fell significantly in the aftermath of the financial crisis, even more than the large drop in global production levels. This paper examines to what extent short-term trade finance may have impacted trade levels before and after the crisis hit.
Metals and minerals such as copper, titanium and rare earths are used to produce high-tech and energy-efficient goods such as hybrid vehicles, computers and aircraft. This paper looks at the impacts of export restrictions often put on these raw materials.
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Maritime transport costs have a significant impact on the trade in agricultural goods, representing on average 10% of the imported value of agricultural products. A doubling of shipping costs is linked to an average drop of 42% in agricultural trade, says this paper.
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This study examines the extent and nature of informal cross-border trade in selected Sub-Saharan African countries and identifies which trade facilitation measures have the potential to encourage traders to switch from informal to formal trade.