Main drivers of regional value chains in CAFTA: Does trade facilitation matter?

ABSTRACT: In the last decades, economic globalisation and the progress of ICT have promoted the international division of labour and optimisation of the global value chain. Moreover, improvements in incentives such as lower tariffs and more efficient border crossings have boosted international trade. Under this background, regional and sub-regional economic cooperation organizations, such as free trade area (FTA), have been developing rapidly and attracting many academic attentions. As the fastest growing FTA in the world, CAFTA is now the largest FTA in developing countries. This study focuses on the value-added network of various industries in the trade process inside CAFTA, and tries to explore the impact of trade facilitation on the DVA trade network of CAFTA. The results show that in the trade

SUBMITTER: Yu Y 

PROVIDER: S-EPMC10703318 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature