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Trade facilitation of agri-food products can potentially reduce trade barriers, lower transaction costs, foster efficiency along the supply chains, and reduce poverty in the Greater Mekong Subregion (GMS). A comprehensive analysis of a range of policy options that influence trade behaviors of selected agri-food products in the GMS will help policy makers in their decision making. This agriculture trade facilitation plan lays out systematic ways to increase movement and flow of agri-food products and their impacts on the GMS sector. It proposes that the GMS adopt a cluster approach to trade facilitation and develop itself into regional hubs of agri-food trade.
The Greater Mekong Subregion (GMS) Program, with support from the Asian Development Bank (ADB) and other development partners, has scored impressive gains in promoting regional connectivity over the past 2 decades. Efforts have also been made to strengthen institutions and policies for trade and transport facilitation to increase the impact of the regional physical infrastructure. This book, prepared under an ADB technical assistance project financed by the Australian Agency for International Development, brings together studies highlighting deeper, structural challenges to trade facilitation in the GMS, including need for governance and bureaucratic reforms, trade competitiveness, and improved alignment of the regional corridors to trade flows. Importance of greater synergy between subregional and regional platforms for trade facilitation, for example between the GMS and the Association of Southeast Asian Nations (ASEAN), is also highlighted. The analyses should be of interest to development practitioners working to improve trade and transport facilitation in the GMS, elsewhere in Asia, and in the rest of the world.
The Greater Mekong Subregion Economic Cooperation Program Strategic Framework 2030 (GMS-2030) aims to strengthen regional cooperation and integration in critical areas. GMS-2030 builds upon recognized strengths with a project-led approach that will benefit the community, support connectivity, and improve competitiveness. It also emphasizes the challenges of the coronavirus disease and aims to ensure that government strategies are conducive to a robust recovery in the medium term and beyond. Based on decades of success and program experience, GMS-2030 provides continuity, but will be updated, as necessary, to reflect evolving global or regional forces that may impinge on GMS development prospects.
This training module highlights the central contribution of services to development and the role of trade and investment liberalization and effective regulation in key service sectors. It distills a number of policy- and rule-making insights arising from the practice of trade and investment liberalization in services at both the multilateral and preferential levels, with particular focus on negotiating issues and sectoral challenges emerging in the Greater Mekong Subregion.