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MERCOSUR --- international law --- regional integration --- mercosur
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social politics --- social protection --- regional integration
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The East African Community has long recognized that regional economic integration can yield significant welfare gains to its member states. To that end, the community has been making steady progress towards the removal of tariffs and quantitative restrictions to trade. Moreover, in recent years, there has been an increasing recognition that: (a) even greater welfare gains could be realized through deeper forms of regional integration which entail harmonization of legal, regulatory and institutional frameworks; and (b) reforms that reduce cross-border transaction costs and improve the performance of "backbone" infrastructure services are arguably even more important for the creation of an open, unified regional economic space than trade policy reforms narrowly defined. Disparities of regulatory treatment across borders can introduce distortions that hinder both cross-border trade and the aggregate flows of investment on a regional basis. Regulatory harmonization and infrastructure regionalization could make a significant contribution to the region's economic development by promoting a more efficient utilization of its human and physical resources, enhancing connectivity, reducing the costs of trade, and facilitating the integration of the continent with the global economy.
Economic Theory & Research --- Emerging Markets --- Energy --- Environment --- Infrastructure --- Regional Economic Development --- Regional integration --- Trade and Regional Integration --- Transport Economics Policy & Planning --- Africa
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Business, Economy and Management --- Social Sciences --- Economics --- Developmental Issues & Socioeconomic Studies --- regional integration --- borders --- globalization --- geopolitics
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international relations --- regional integration --- cross border studies --- transborder studies --- international studies --- cross-border relations
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Because trucks in Bangladesh and India are not allowed to operate across the border, cargo is transloaded at the border, and Indian trucks traveling between northeast India and the rest of India must go around Bangladesh through the Siliguri Corridor, which significantly increases transport and trade costs. This lack of integration means that it is more costly for Bangladesh and India to trade with each other than for either of them to trade with Europe. As a result, bilateral trade represents only about 10 percent of Bangladesh's trade and a mere 1 percent of India's trade. Connecting to Thrive: Challenges and Opportunities of Transport Integration in Eastern South Asia presents a collection of innovative technical analyses that show what is needed to achieve seamless connectivity in the region. The report explores the extent to which the Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement (MVA) supports the cross-border operation of road transport services and identifies the gaps in the agreement that need to be addressed to improve its effectiveness. It assesses the potential shift of freight traffic to new routes and modes in eastern India and Bangladesh once the MVA is implemented and the potential impact of the MVA on wages, employment, and income in Bangladesh and India. It explores how the local impacts of a regional corridor could be enhanced in rural areas by improving access to markets along the corridors and how women's participation in export-oriented agriculture value chains could be improved to allow women to take advantage of improved regional connectivity. Connecting to Thrive will be of interest to policy makers, private sector practitioners, and academics with an interest in regional connectivity in eastern South Asia.
Regional Integration --- Route Choice --- Rural Markets --- Rural Roads --- Transloading --- Transport Mode Choice --- Women Empowerment
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Trade facilitation is one of the key engines of growth in an economy. Improving the quality and reliability of the trade facilitation infrastructure and services is a major building block for reducing transaction costs, attracting domestic and foreign investment, and expanding access to economic opportunities. The Government of Congo, Rep. recognizesthat more needs to be done to address existing constraints to intra-regional trade. Indeed, efficient trade facilitation is central to achieving the objectives of Congo's Vision 2025, whose overarching goal is to transform the country from a lower middle income economy to an upper middle income export-oriented economy. Attaining the country's vision will require the addressing of at least three key constraints. Firstly, low investment in the development and maintenance ofthe country's physical infrastructure; secondly, an insufficient and ineffective capacity to deliver therequired transport and port services; and thirdly, a lack of international competitiveness and export diversification. Addressing these constraints will catalyze the development of modern transport infrastructureand services, contributing to a reduction in the cost of doing business and thus increasing the country'scompetitiveness.Several policies and other interventions have been implemented by the Government to address the country's trade facilitation challenges. Some of these interventions prioritize improving the quality and reliability of transport and port infrastructure and service, whichis critical for reducing transaction costs and attracting investments, contributing to the broader goals of inclusive growth by connecting rural communities toeconomic activities. This report aims to complement these efforts by making two key contributions. Firstly, it identifies thecore trade facilitation bottlenecks facing the country,and explores options for mitigating these challenges. Secondly, it presents an action plan covering both theexpansion of physical infrastructure and the developmentof transport sector structure, regulation, and institutional capacity; distinguishing between the short-and longer-term measures. The action plan is expected to strengthen the strategy for sustainable economic development and for informing dialogue on required reform measures. The report's recommendations are also expected to support more inclusive growth, and also ensure that said inclusive growth is sustainable. It is hoped that the report's findings will be used to inform the designand implementation of the measures required to promote trade facilitation.
Infrastructure --- Logistics --- Regional Integration --- Roads & Highways --- Trade and Integration --- Trade Facilitation --- Transport
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It is widely agreed that, over the past decade, accelerating infrastructure investments in India's North Eastern Region (NER) and neighboring countries, along with connectivity agreements with Bangladesh, hold immense promise for unlocking NER's economic potential. Other global trends, such as the growing incomes and consumer awareness in India and neighboring countries; a rising preference for fresh, healthy, safe, environmentally friendly, and socially responsible products; the growing role of services in manufacturing; and increasing demand for skilled resources are also very favorable for NER. Together, these developments can help NER showcase its strengths in agriculture and services, thereby developing value chains in these sectors, which will lead to sustainable, better-paying job opportunities for the people of NER. In this context, the World Bank, in consultation with stakeholders--government, private sector, and academia--analyzed two cross-cutting constraints that are encountered across all value chains and sectors in NER: connectivity and logistics, and product standards and quality infrastructure. To ground the policy in specific contexts, the team studied four sectors in depth: fruits and vegetables, spices, bamboo and related products, and medical tourism. Playing to Strengths lays out an initial policy framework for NER that integrates demand and supply and shows that, even with a low base in manufacturing, NER can leverage its strengths in agriculture and services to step up its growth. However, implementing this framework will require a different approach to doing business compared with the existing ecosystem and its associated value chains, which are mostly geared to local and/or price-conscious consumers. In capitalizing on its advantages, NER will not only accelerate its own development, but also will play an increasingly critical role in the government of India's "Act East" policy.
Connectivity --- Logistics --- Poverty --- Product Standards --- Quality Infrastructure --- Regional Integration --- Trade Facilitation --- Value Chain
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This Policy Note has been prepared to assist the governments of the Entities in Bosnia and Herzegovina to better understand the current conditions of the railway sector,assess the policy options for modernizing it and help chart a course ahead. Railway performance is benchmarked against a number of regional comparator countries and against the European Union average. The financial performance of each railway has been examined by main business sectors (freight, passenger and network infrastructure) using a railway cost allocation model developed by the Bank. Sector policies have also been assessed in terms of budget impact. Public policy decisions on the railway sector are the prerogative of the governments ofthe Entities. To help inform their decisions a range of structural and policy options is presented, their key features delineated and relative merits discussed. The range of policy options has been discussed with representatives of the Entity governments and railways butno endorsement of any policy option has been given at this stage. The Policy Note does present the Bank team's opinions on certain of the options where this seems warranted but is not intended to be prescriptive.
Infrastructure --- Macroeconomics and Economic Growth --- Railways --- Regional Integration --- Trade and Integration --- Transport
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The study aims to provide insights to policy makers in measuring the impact of trade liberalization and regional integration measures on gender employment and wages. The study incorporates gender-differentiated employment and wages for selected South Asian economies across sectors to identify targeted value chains and economic activities, particularly among green trade sectors. This is the first major attempt to develop a gender-differentiated data set for South Asian countries, within the widely used Global Trade Analysis Project framework, to examine the nexus between trade, green economy, and gender. Two illustrative scenarios are examined. The first scenario examines a complete tariff elimination among the Bhutan-Bangladesh-India-Nepal grouping of countries in all sectors. The second scenario involves complete tariff elimination among countries in South Asia. The results indicate that a free trade agreement signed by all countries is likely to be more beneficial compared with only some countries signing the free trade agreement. Women's employment grows faster than men's employment, as most of the sectors that benefit due to these free trade agreements are women intensive. Growth in women's employment and wages in South Asia is consistent with growth in green sectors.
CGE Model --- Employment --- Female Labor Force Participation --- Gender --- Gender and Economic Policy --- Gender and Poverty --- Gender Wage Gap --- Green Growth --- International Economics and Trade --- Regional Integration --- Regional Trade Agreements --- Trade and Gender --- Trade and Regional Integration --- Trade Liberalization --- Trade Policy
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