This volume examines the dichotomy between the two faces of South Asiaߟone poverty stricken and lagging in development, the other highly urbanized and growing rapidlyߟand tries to find a workable solution to bridge this gap. It looks at the many policy and institutional constraints that contribute to this dichotomy, especially regional conflict that has made South Asia one of the least integrated regions of the world.
Chapter 5: Connecting South Asia: The Centrality of Trade Facilitation for Regional Economic Integration
Connecting South Asia: The Centrality of Trade Facilitation for Regional Economic Integration
According to the World Trade Organization (WTO), trade facilitation is the process of “simplification and harmonization of international trade procedures” covering the “activities, practices, and formalities involved in collecting, presenting, communicating and processing data required for the movement of goods in international trade.”1 It relates to a wide range of activities at the border, such as import and export procedures (for example, procedures relating to customs, licensing, and quarantine); transport formalities; and payments, insurance, and other financial requirements. However, the concept of trade facilitation also is intrinsically linked to several factors behind the border. The quality of a country's domestic ...