Title: Trends and Evolution of Trade Patterns in East Asia
1Trends and Evolution of Trade Patterns in East
Asia
- Mona Haddad
- Regional Trade Coordinator
- East Asia Region, World Bank
2Emerging East Asian economies have seen share of
global trade more than triple
3Trade with each other growing even faster
4Changing regional patterns of trade(share of
export to trading partner in total export)
5Commodity composition of trade in East
Asia(percentage share in total trade)
6The importance of machinery (share of parts and
components in total export)
7Intra-regional trade is concentratedProduction
networks are major determinantand China is
increasingly a central player
8Export similarity index
9FDI plays a key role in boosting exports
10Chinas processing exports by foreign enterprises
(share in total China exports)
11New 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
12Regional 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
13RTAs in East Asia
14Thank you