20 Aug 2010 publication
The CIE recently prepared a report on the economic benefits of trade facilitation in the Greater Mekong Subregion (GMS). Commissioned by the Australian Agency for International Development (AusAID) for presentation to the 16th GMS Ministerial Conference in Hanoi, the report discusses the benefits of further progress in trade and transport facilitation for the six countries of the region (Cambodia, China, Lao PDR, Myanmar Thailand, and Vietnam.
The report presents evidence to suggest that integration within the region is playing an important role in the dynamic performance of the Subregion, but that there is scope to expand this role by further reducing the costs of cross-border trade and transport. In most countries there is considerable room for improvement in trade and transport facilitation, and feasible changes could yield significant increases in national incomes. The evidence suggests that complementing infrastructure investments with procedural reforms to reduce costs and delays of cross-border trade could bring about sizeable economic benefits.