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Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries

The advent of the coronavirus in early 2020 led to the severe shutdown of economic activities across the globe. The virus led to a pandemic affecting the physical facilitation of cross border merchandise trade. International trade is augmented with trade documentation and physical verification. Regi...

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Detalles Bibliográficos
Autores principales: Rahman, Mohd Nayyer, Rahman, Nida
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Authors. Published by Elsevier B.V. on behalf of The Asia Economic Community Foundation. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9357432/
http://dx.doi.org/10.1016/j.aglobe.2022.100036
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author Rahman, Mohd Nayyer
Rahman, Nida
author_facet Rahman, Mohd Nayyer
Rahman, Nida
author_sort Rahman, Mohd Nayyer
collection PubMed
description The advent of the coronavirus in early 2020 led to the severe shutdown of economic activities across the globe. The virus led to a pandemic affecting the physical facilitation of cross border merchandise trade. International trade is augmented with trade documentation and physical verification. Regional Trade Agreements (RTAs) as WTO plus agreements between countries have provided bilateral trade opportunities for participating countries. Due to the pandemic, several physical processes shifted to digital mode and people were forced to participate, giving a boost to the digital economy across the world. Developing and under-developed countries were left behind due to a lack of clarity on digital trade provisions in the present WTO framework. Though, RTAs provided much scope for interpreting the existing provisions with innovation for the current times. The present study explores the digital trade provisions in the RTAs and how the pandemic will further push inculcating provisions. The focus is on RTAs that exist in the Asia Pacific region, along with India's perspective. The study identifies the initial digital provisions and collaborations, and evaluates the scope of digital trade.
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spelling pubmed-93574322022-08-09 Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries Rahman, Mohd Nayyer Rahman, Nida Asia and the Global Economy Article The advent of the coronavirus in early 2020 led to the severe shutdown of economic activities across the globe. The virus led to a pandemic affecting the physical facilitation of cross border merchandise trade. International trade is augmented with trade documentation and physical verification. Regional Trade Agreements (RTAs) as WTO plus agreements between countries have provided bilateral trade opportunities for participating countries. Due to the pandemic, several physical processes shifted to digital mode and people were forced to participate, giving a boost to the digital economy across the world. Developing and under-developed countries were left behind due to a lack of clarity on digital trade provisions in the present WTO framework. Though, RTAs provided much scope for interpreting the existing provisions with innovation for the current times. The present study explores the digital trade provisions in the RTAs and how the pandemic will further push inculcating provisions. The focus is on RTAs that exist in the Asia Pacific region, along with India's perspective. The study identifies the initial digital provisions and collaborations, and evaluates the scope of digital trade. The Authors. Published by Elsevier B.V. on behalf of The Asia Economic Community Foundation. 2022-07 2022-08-07 /pmc/articles/PMC9357432/ http://dx.doi.org/10.1016/j.aglobe.2022.100036 Text en © 2022 The Authors. Published by Elsevier B.V. on behalf of The Asia Economic Community Foundation. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Rahman, Mohd Nayyer
Rahman, Nida
Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries
title Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries
title_full Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries
title_fullStr Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries
title_full_unstemmed Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries
title_short Exploring digital trade provisions in Regional Trade Agreements (RTAs) in times of crisis: India and Asia-Pacific countries
title_sort exploring digital trade provisions in regional trade agreements (rtas) in times of crisis: india and asia-pacific countries
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9357432/
http://dx.doi.org/10.1016/j.aglobe.2022.100036
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