Export Diversification Effects of the WTO Trade Facilitation Agreement

Beverelli, Cosimo; Neumueller, Simon; Teh, Robert

doi:10.1016/j.worlddev.2015.07.009

Cited by 123 publications

(133 citation statements)

References 36 publications

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“…The DSM also reveals longer-term trade diversification opportunities for less accessible markets, which call for a different kind of policy response and set of interventions. Beverelli, Neumueller and Teh (2015) confirm that there are substantial export diversification gains to be made from trade facilitation policy reform in sub-Saharan Africa. According to Fontagné, Fouré and Keck (2014), in turn, reduced trade costs could assist developing countries to diversify into more dynamic sectors.…”

Section: Discussionmentioning

confidence: 62%

Streamlining South Africa’s export development efforts in sub-Saharan Africa: A Decision Support Model approach

Steenkamp¹,

Grater²,

Viviers³

2016

Trade Costs and Inclusive Growth: Case Studies Presented by WTO Chair-Holders

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Given its abundant natural resources and accelerating consumer-driven growth, sub-Saharan Africa has much to offer investors and traders. Yet the region remains weakly integrated into global and regional value chains, due to, among other things, geographical disadvantages, infrastructural shortcomings, high transport costs and difficult-to-access market intelligence -all of which add to the cost of trade. While not an insignificant player in international business and trade circles, South Africa is facing shrinking demand in its traditional export markets and has to plot a new economic course after decades of overreliance on commodity exports and value-added imports. This chapter looks at how a market selection tool, the Decision Support Model (DSM), can streamline the process of identifying export opportunities, particularly at an intra-regional level. Covering both products and services, and adaptable to different countries' circumstances, the DSM simplifies market selection decisions by pinpointing both short-and longer-term business opportunities in high-potential sectors, while also exposing market access barriers that could become the focus of specific efficiency-enhancing interventions. In this way, the DSM can be a valuable aid to trade facilitation.* The contents of this chapter are the sole responsibility of the authors and are not meant to represent the position or opinions of the WTO or its members. Cover photos (from top to bottom):

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Section: Discussionmentioning

confidence: 62%

Streamlining South Africa’s export development efforts in sub-Saharan Africa: A Decision Support Model approach

Steenkamp¹,

Grater²,

Viviers³

2016

Trade Costs and Inclusive Growth: Case Studies Presented by WTO Chair-Holders

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“…A general finding of this literature is that AfT, especially aid that supports trade facilitation has a strongly trade‐promoting effect and that the return on such AfT is high, substantially exceeding the costs (Hoekman & Shepherd, ). Moreover, research suggests one important benefit of AfT for trade facilitation is that it can support greater diversification (Cadot et al., ; Beverelli, Neumueller, & Teh, ; Persson, )…”

Section: Related Literaturementioning

confidence: 99%

Aid for trade and international transactions in goods and services

Hoekman

Shingal

2019

Rev International Economics

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The empirical literature on aid for trade (AfT) mainly considers its effects on merchandise trade and investment. In this paper, we provide an in‐depth analysis of the relationship between AfT and trade in services using both aggregate and bilateral data. We find a statistically weak effect of AfT on both goods and services trade in our aggregate analysis once we account for endogeneity in the AfT–trade relationship. In contrast, the bilateral analysis suggests that AfT, in particular that allocated to services activities, especially economic infrastructure, has a positive effect on recipients’ merchandise exports to donor countries. This novel finding is robust across different lag structures and provides evidence of complementarities between services AfT and goods trade.

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“…Dennis and Shepherd (2011) use Doing Business data to show that reducing export times by 10% is associated with gains in export diversification of 3%-4%. Beverelli, Neumueller, and Teh (2015) extend the analysis by using the TFI score as their indicator of trade facilitation performance. They find that improved trade facilitation is associated with the introduction of new product varieties into trade.…”

Section: Box 22: the Main Data Sources On Trade Facilitationmentioning

confidence: 99%