Since countries have continued to liberalize trade both unilaterally and as part of the implementation of preferential trade agreements during the past decade, import tariff costs now often account for a very small share of the overall trade costs faced by traders in Asia and the Pacific –...

Trade in the Asian and Pacific region has recovered strongly since the first quarter of 2010. While world trade is still struggling towards a full recovery, monthly trade values for Asia and the Pacific have already returned to the pre-crisis level. Merchandise trade in the region grew by more...

This chapter provides a picture of post-crisis trade and investment interventions in the Asia-Pacific region. It focuses not only on restrictions on merchandise trading, but also on new obstacles to services trade and movements of people, including service providers.

This chapter presents a set of stylized facts and PTAs features which are shared across the region’s economies. Agreements are routinely classified with respect to the level of development of partners, their number and regional proximity and contiguity. The other features of the agreements...

The Asia-Pacific region has shown resilience in the face of recent economic crises and, after a shortlived slowdown, has continued to attract FDI flows. FDI plays a central role in supporting the efforts of Asia-Pacific countries to build more sustainable development practices. Even though the...

The value of world exports of commercial services rose by 11% in 2011 to $4,170 billion, exceeding pre-crisis levels of $3,850 billion in 2008. Half of world exports of commercial services in 2011 consisted of travel receipts and other business services. Asia-Pacific as a region increased its...

This note gives a fairly complete statistical description of the Hodrick-Prescott Filter (1997) which has been proposed in the context of my seasonal adjustment method (Schlicht 1981, 1984). A statistics estimator for the smoothing parameter is proposed that is asymptotically equivalent to the...