Question: Regional trade policy, whether internally or externally guided, has traditionally focussed on removing tariff and non-tariff barriers. This has long been espoused as the catalyst
Regional trade policy, whether internally or externally guided, has traditionally focussed on removing tariff and non-tariff barriers. This has long been espoused as the catalyst that would enhance regional trade and its effect on the economy. Trade facilitation however and in particular that which is related to transport costs has largely been ignored in the regional trade agenda. The last few years have seen significant and dynamic development in international trade, and with the opening up of economies to the expansion of supply chains, the thrust towards globalisation has shown itself to be transport-intensive. Nowhere has this been more evident than in the development and changes in global freight movement systems. Internationally, this change drives modifications to and changes in public policies; however, the policymaking frameworks in the region are typically lethargic, moving at a glacial pace and sometimes countercyclical to international actions
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