Implementing the Trade Facilitation Agreement: From Global Impacts to Value Chains
Publication | September 2019
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This paper uses a new methodology that factors in general equilibrium effects to estimate the potential impacts of the World Trade Organization’s Trade Facilitation Agreement (TFA).
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The results reveal that full implementation of the TFA could boost the value of global trade by $344 billion, a 3.5% increase compared to the 2015 baseline. The evidence suggests that TFA implementation could also further the development of value chains around the world, especially in middle-income economies, as it would promote a shift from manufactured goods toward intermediate goods.
Contents
- Introduction
- Data
- Econometric Model
- Results
- Conclusion and Policy Implications
- Appendix
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