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Trade and Development Quarterly - 24th edition

Trade and Development Quarterly

Global Trade Trends

  • Exports in all developing regions show a strong recovery, exceeding their pre-crisis peak by 1.3% by October 2010. In the same month, high income country export volumes regained 98% of their pre-crisis levels. However for both high income and developing regions, export volumes lag behind levels that might have been expected without a financial crisis: by 19% and 7% respectively. Developing countries, led by China, are also posting more vibrant import growth than high-income countries.

  • Meanwhile, recent political turmoil in the Middle East and North Africa threatens an already fragile tourism sector, a sector that generates significant revenues and employment in the region - between 10% - 15% of GDP and employment, and up to 30% of total exports, for countries such as Tunisia, Egypt and Morocco.

  • Developing country merchandise export volume, s.a.Furthermore, strong export growth in Japan is likely to be disrupted temporarily due to the earthquake and tsunami. From November 2010 Japan's exports had stepped up in response to increased domestic demand growth in Asia, the United States and Europe, while the yen leveled out against the dollar. Foreign demand looks to remain strong in the near-term, but the natural disaster, port closures, supply-chain disruptions and suspended production runs due to uncertain electricity supply, are likely to result in a near-term fall off in auto-, electronics- and other industrial product exports. The disruptions will also have repercussions for countries in East Asia Pacific region that have the strongest trade ties with Japan. Japan's import demand will likely outpace exports in the medium term.
  • Trade between developing countries can help mitigate the impact of crises. The increased resilience shown by developing countries to the trade effects of the financial crisis is partly attributable to the growing importance of South-South trade, especially for small, open, developing countries with strong links to China. BRICs can play a key stabilizing role due to their large internal markets. Developing countries should refrain from imposing trade protectionist measures that harm other developing countries, and instead promote regional integration and trade facilitation.

The Trade Corner

Current Initiatives

Trade Data

  • PREM Trade’s is working on a regional trade integration website that will eventually become a natural depository of all Bank activities on regional trade integration (analytical work, technical assistance and capacity building, training, and lending). The novelty of the website is a new Global Preferential Trade Agreements Database  (GPTAD) that provides information on preferential trade agreements around the world, including agreements that have not been notified to the WTO.

  • In September 2010, the World Bank revamped and launched a newly upgraded version of World Integrated Trade Solutions (WITS), a multi-agency software, which provides bilateral trade data for tariff and non-tariff measures between countries.      

Special Economic Zones

  • PREM Trade’s book, “Special Economic Zones in Africa: Comparing Performance and Learning from Global Experiences” is designed for policymakers, academics and researchers, and SEZ program practitioners, The book, written by Thomas Farole, was released in February 2011. Purchase the book  | Book widget

  • As part of our broader work on SEZs, PRMTR and the Tanzania Country Office organized a workshop on SEZs in Tanzania, in conjunction with the Ministry of Industry, Trade, and Marketing and the EPZ Authority of Tanzania. Over 50 stakeholders from the public and private sector in Tanzania participated, enhancing the understanding of the concept, role and scope of SEZs in the country’s economic development strategy and to share knowledge on SEZ performance and best practices from recent World Bank PRMTR research. Read more about Africa’s SEZs.

Trade Facilitation

  • PREM Trade’s book “Logistics in Lagging Regions: Overcoming Local Barriers to Global Connectivity,” examines the role by using case studies of sisal and soybean supply chains in Brazil and India respectively. The book, written by Charles Kunaka, was released in December 2010. 
    Purchase the book | Download the book | Book widget

  • The book “Border Management Modernization” explains the complex issues involved in implementing meaningful reform of border management processes and institutions, and outlines a new vision for border management.  The book, edited by Gerard McLinden, Enrique Fanta, David Widdowson, and Tom Doyle, was released in November 2010. 
    Purchase the book | Download the book | Book widget 

Trade Competitiveness 

  • PREM Trade piloted the export competitiveness toolkit, which identifies the main constraints to competitiveness in traditional and emerging sectors, in Qatar, Pakistan and Senegal.  The toolkit looks at the synergies between competitiveness aspects, like the business regulatory environment and governance, trade policy, factor inputs and proactive trade support policies, with several dimensions of trade performance.  The toolkit will be disseminated in FY11.

  • The book, “Making the Cut? Low-income countries and the Global Clothing Value Chain in a Post-Quota and Post-Crisis World,” assesses main developments in the global clothing sector associated with the phase out of the Multi-Fiber Arrangement quota system, global buyers and their sourcing strategies; and analyzes challenges that LICs face in the post-quota, post-crisis world in entry and upgrade within global clothing value chains. The book by Cornelia Staritz and released in December 2010. 
    Purchase the book | Download the book | Book widget 

Learning Corner
PREM Learning Week, PRMTR Trade events, April 2011
As finalization of PREM Learning Week gets underway, PRMTR will be offering learning on trade in services and trade competitiveness, including how best to use the Trade Competitiveness Diagnostics Toolkit.  Efforts will be made to make this learning accessible online to country offices.  Watch our website for more details.

Trade Facilitation & Logistics Conference, May 2011
This one-day conference will showcase our unit’s toolkits and knowledge products (corridor, LLDC, TTFA).           

In case you missed it:

Ongoing Trust Funds

The Trade Facilitation Facility (TFF) 

  • What the TFF does?
    The TFF supports concrete improvements in trade facilitation systems that help reduce developing countries' trade costs and thereby improve their competitiveness. It is designed to respond rapidly to government requests for assistance in improving infrastructure, institutions, services, policies, procedures, and market-oriented regulatory systems that enable firms to conduct international trade on time and at lower costs. The TFF has also provided technical advisory and capacity building funding for regional transportation integration projects in EAP, ECA and LAC.

  • Who can apply for funding?
    Our main clients include low income countries, regional economic communities and the private sector, particularly in Africa. Lower middle income countries may be eligible when work addresses trade facilitation in low income neighbors. As of January 2011, a total of 29 projects that will benefit mainly African countries were approved for a total budget allocation of US$20 million. Apply for funding here.

  • Who do we partner with?
    The TFF supports the Doha negotiations by funding country case studies to assess the implementation challenges of a trade facilitation agreement for LDCs and led by the World Bank in cooperation with partners, WCO, IMF, UNCTAD and OECD. More information about the TFF >> 

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