Governments
in Asia must undertake national and regional events that take full
advantage of integration initiatives such as the ASEAN Economic
Community ( AEC ) and must be in a strong position to face the global
economic volatility by the Asian Development Bank.
"Strengthening
regional integration in Asia will help create a more productive and
effective at the time kdyglobální economy is still in motion, " Iwan
Azis , Head of ADB regional economic integration , said yesterday.
"
In order to avoid falling prey to a domestic protectionist pressures ,
governments must act now to ratification, implementation and enforcement
of regional agreements. "
"
Asian Economic Integration Monitor" , ADB semi-annual report , notes
that Asia has seen mixed progress in regional cooperation and
integration in recent times the background the shift of economic and
financial environment . Cross-border
trade and capital flows slowed slightly through improvements in
cross-border foreign direct investment, purchases of bonds , bank loans
and tourist flows.
Progress towards AEC steady but slow . The
region should strive to remove barriers to trade in economically
sensitive sectors such as agriculture , steel and motor vehicles , as
well as the reduction of non-tariff barriers , which are increasingly
replacing tariffs as restrictions on international trade , the bank said
.
The
liberalization of trade in services and regulatory competition policy
and IPR protection - all problematic areas of reform - requiring
national rather than regional events . As such , 2015 was a milestone nikolikonečným point to fully achieve the objectives of the AEC lined with ASEAN .
Work
must continue beyond 2015 , particularly with a view to increasing
labor mobility so unskilled as well as skilled workers can move across
borders more easily.
Greater labor mobility umožníregion take full advantage of all other reform.
Jepotřeba address other barriers to trade, including fees, excessive paperwork for customs and trade finance. Addressing these issues is where the main business benefits lie , says ADB . Every
1 - percent savings in connection with trade transaction costs are
estimated to yield a global contribution of U.S. $ 43 billion ( Bt1.3
trillion ) .
National
measures in combination with the multilateral agreement on trade
facilitation - is expected to be signed at the Ninth Conference of the
World Trade Organization Ministerial in Indonesia from 3 to 6 12 - is
the key to realizing these gains.
Regional
cooperation is the solution of economic uncertainty and other
cross-border issues such as climate change , health issues and
territorial disputes.
This
can be achieved mainly through greater political dialogue , stronger
regional institutions , improved transport links , lower regional
capital markets and financial safety nets.
