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Published byColin Williamson Modified over 9 years ago
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Trends and Evolution of Trade Patterns in East Asia Mona Haddad Regional Trade Coordinator East Asia Region, World Bank
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Emerging East Asian economies have seen share of global trade more than triple
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Trade with each other growing even faster
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Changing regional patterns of trade (share of export to trading partner in total export)
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Commodity composition of trade in East Asia (percentage share in total trade)
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The importance of machinery (share of parts and components in total export)
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Intra-regional trade is concentrated: Production networks are major determinant… and China is increasingly a central player
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Export similarity index
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FDI plays a key role in boosting exports
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China’s processing exports by foreign enterprises (share in total China exports)
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New developments and challenges Growing role of China in the region Increasing dependence on production sharing networks Rise of regional and bilateral trade agreements in the region Low-income countries trying to catch up
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Regional trading arrangements Elements for success : Greatest gains are dynamic –Deeper integration agenda: Agriculture and sensitive sectors; Services liberalization; Trade facilitation and logistics Bringing along low-income countries Keeping RTAs as stepping stone to global integration Avoiding spaghetti bowl effect
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RTAs in East Asia Brunei Cambodia Thailand Malaysia Philippines Myanmar Laos Indonesia Singapore Vietnam AS EA N AFTAAFTA New Zealand Japan Australia EFTA US Chile Korea China Hong Kong Macau Taiwan Panama Mexico India FTAs in action as of April 2006 Brunei Cambodia Thailand Malaysia Philippines Myanmar Laos Vietnam Indonesia Singapore ASE AN AF TA China Australia New Zealand Chile Japan Korea Canada Mexico India Sri Lanka Qatar Panama Peru Kuwait US EFTA Hong Kong FTAs under negotiation as of April 2006
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Thank you
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