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Trends and Evolution of Trade Patterns in East Asia

Trends and Evolution of Trade Patterns in East Asia. Mona Haddad Regional Trade Coordinator East Asia Region, World Bank. Emerging East Asian economies have seen share of global trade more than triple. Trade with each other growing even faster.

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Trends and Evolution of Trade Patterns in East Asia

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  1. Trends and Evolution of Trade Patterns in East Asia Mona Haddad Regional Trade Coordinator East Asia Region, World Bank

  2. Emerging East Asian economies have seen share of global trade more than triple

  3. Trade with each other growing even faster

  4. Changing regional patterns of trade(share of export to trading partner in total export)

  5. Commodity composition of trade in East Asia(percentage share in total trade)

  6. The importance of machinery (share of parts and components in total export)

  7. Intra-regional trade is concentrated:Production networks are major determinant…and China is increasingly a central player

  8. Export similarity index

  9. FDI plays a key role in boosting exports

  10. China’s processing exports by foreign enterprises (share in total China exports)

  11. 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

  12. Regional trading arrangementsElements 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

  13. FTAs in action as of April 2006 Macau Brunei Cambodia Thailand Malaysia Philippines Myanmar Laos Indonesia Singapore Vietnam EFTA China FTAs under negotiation as of April 2006 Korea Hong Kong EFTA Myanmar Brunei Canada ASEAN China Taiwan US Cambodia US Panama AFTA Korea Mexico Thailand Chile ASEAN Hong Kong Mexico Malaysia Japan AFTA Chile Philippines Australia New Zealand Panama India Indonesia New Zealand Australia Peru Japan Singapore Qatar Vietnam Kuwait Laos India Sri Lanka RTAs in East Asia

  14. Thank you

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