Trade Facilitation Provisions in Preferential Trade Agreements : Impact on Peru’s Exporters
Trade facilitation measures that simplify, modernize, and harmonize export and import processes are particularly important in a world of global value chains where goods cross borders multiple times. At the firm level, trade facilitation commitments...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/345051621879080228/Trade-Facilitation-Provisions-in-Preferential-Trade-Agreements-Impact-on-Peru-s-Exporters http://hdl.handle.net/10986/35635 |
| Summary: | Trade facilitation measures that
simplify, modernize, and harmonize export and import
processes are particularly important in a world of global
value chains where goods cross borders multiple times. At
the firm level, trade facilitation commitments in
preferential trade agreements can generate larger gains for
firms participating in global value chains, as these firms
can benefit both from efficiency enhancement at their own
border (when importing inputs) and at the partner countries’
borders (when exporting). This paper uses Peruvian customs
data to investigate the heterogeneous impact of trade
facilitation provisions across firms, depending on their
global value chain linkages. The results show that trade
facilitation provisions in preferential trade agreements
promote the export performance of global value chain firms,
especially when they import inputs from the preferential
trade agreement partner country. In the case of Peru, the
main benefit of trade facilitation provisions results from
efficiency enhancements at its own border, allowing global
value chain firms to import inputs in a more timely and
predictable manner. |
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