Trade Facilitation Challenges and Reform Priorities for Maximizing the Impact of the Belt and Road Initiative
This study examines the relevance of trade facilitation reforms in maximizing the economic impactof infrastructure connectivity investments through the Belt and Road Initiative (BRI). It providesan overview of trade facilitation performance in BRI...
| Main Authors: | , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/219761536948259167/Trade-Facilitation-Challenges-and-Reform-Priorities-for-Maximizing-the-Impact-of-the-Belt-and-Road-Initiative http://hdl.handle.net/10986/30477 |
| Summary: | This study examines the relevance of
trade facilitation reforms in maximizing the economic
impactof infrastructure connectivity investments through the
Belt and Road Initiative (BRI). It providesan overview of
trade facilitation performance in BRI economies, with a
focus on those countriesinvolved in six key land corridors.
This overview is based on three categories of data:
international indicators for trade facilitation performance,
notably Doing Business, the Logistics Performance Index, the
Enabling Trade Index, and the OECD Trade Facilitation
Indicators; publicly-available literature and analysis on
the BRI corridors; and analysis conducted through World Bank
projects involving BRI economies. A key finding is that, in
a global context, trade facilitation along the BRI corridors
is weak, with performance for most corridors below global
averages according to most indicators. There is also wide
variation in performance between countries along each
corridor, providing a significant barrier to the efficient
utilization of the corridors for predictable, timely
cross-border transportation of goods. Based on the review of
corridor performance, the study recommends priority trade
facilitation reforms for the BRI economies, as well as
recommendations on the implementation of these reforms,
based on international experience. |
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