Trade Policy Barriers : An Obstacle to Export Diversification in Eurasia
Despite trade liberalization efforts made by Eurasian countries, the export structure of the region shows significant levels of concentration across export destinations. To shed light on this observation, this research analyzes trade policy barrier...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/05/17664881/trade-policy-barriers-obstacle-export-diversification-eurasia http://hdl.handle.net/10986/15576 |
| Summary: | Despite trade liberalization efforts
made by Eurasian countries, the export structure of the
region shows significant levels of concentration across
export destinations. To shed light on this observation, this
research analyzes trade policy barriers in Eurasia, East
Asia and the Pacific, and the European Union. Using the most
recent data from sources including the World Trade
Organization, the United Nations, and the World Bank
including the Overall Trade Restrictiveness Indices, the
Services Trade Restrictions Database, and the Temporary
Trade Barriers Database the role of tariffs, non-tariff
measures, temporary trade barriers, trade agreements, and
trade barriers in services are explored to explain the lack
of diversification by destination. Several conclusions can
be drawn from the analysis. First, China, Korea, and Japan,
as well as the European Union, impose high levels of
protection on products of animal origin, which may explain
the lack of Eurasian export diversification toward the East
Asia and the Pacific and the European Union regions. It also
highlights the potential benefits of diversifying the
structure of production in Eurasia toward more sophisticated
and technologically intensive goods. Second, the East Asia
and the Pacific region (especially China) appears to be more
protectionist than the European Union, suggesting a greater
challenge for Eurasian countries in diversifying exports to
the destination. And third, few or no regional trade
agreements exist between Eurasian countries and countries in
the European Union or East Asia and the Pacific. |
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