World Bank Research E-Newsletter [July-August 2007]

A new World Bank-APEC study, “Transparency & Trade Facilitation in the Asia Pacific: Estimating the Gains from Reform”, estimates that the potential intra-regional gains in APEC from improved transparency (the way in which trade reform measures are designed and administered) are substantial—approximately $148 billion, which is 7.5 percent of 2004 trade. Action to improve transparency could be undertaken in many forms, including within the current Asia-Pacific Economic Cooperation framework or future talks on a Free Trade Area of the Asia Pacific. While reform must continue to focus on traditional measures such as tariffs, transparency is also critical, say authors Helbe, Shepherd and Wilson.

Project 1123: Bulgaria: Wetland Restoration and Pollution Reduction Project - component of Danube/Black Sea Strategic Partnership: Nutrient Reduction Investment Fund

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