Intra-regional trade has increased rapidly in recent years, however, the content of trade flows do not signal significant trade integration, similar to what the countries of Central and Eastern Europe achieved in the past decade. Following the tariff liberalization, non-tariff barriers have become the main obstacles for trade. Enhanced regional trade integration should not be confined only to free movement of goods. Increased labor mobility could also have trade creation effects and help create a more integrated regional market. Finally, tariff structures in many countries of the region allow some scope for trade diversion in favor of EU and CEFTA countries at the expense of the rest of the world. Such trade diversion could be reduced by adopting EU s Common External Tariff structure.
Intra-regional trade has increased rapidly in recent years, however, the content of trade flows do not signal significant trade integration, similar to what the countries of Central and Eastern Europe achieved in the past decade. Following the tariff liberalization, non-tariff barriers have become the main obstacles for trade. Enhanced regional trade integration should not be confined only to free movement of goods. Increased labor mobility could also have trade creation effects and help create a more integrated regional market. Finally, tariff structures in many countries of the region allow some scope for trade diversion in favor of EU and CEFTA countries at the expense of the rest of the world. Such trade diversion could be reduced by adopting EU s Common External Tariff structure.
- ISBN:
- 9780821382592
- 9780821382592
- Category:
- International trade
- Format:
- Paperback
- Publication Date:
- 30-01-2010
- Language:
- English
- Publisher:
- World Bank Publications
- Country of origin:
- United States
- Pages:
- 96
- Dimensions (mm):
- 254x178x9mm
- Weight:
- 0.29kg
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