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Do trade facilitation provisions in regional trade agreements matter?
Impact on trade costs and multilateral spillovers
By Yann Duval, Nora Neufeld and Chorthip Utoktham
The scope and depth of bilateral and regional preferential trade agreements (RTAs) negotiated over the past 15 years has expanded beyond traditional market access and preferential tariffs to include provisions on a wide range of issues, including trade facilitation.
This study is a first attempt to measure the extent to which RTA provisions related to those featured in the WTO Trade Facilitation Agreement (TFA) contribute to reducing trade costs.