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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...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
The Authors. Published by Elsevier B.V. on behalf of The Asia Economic Community Foundation.
2022
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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. |
format | Online Article Text |
id | pubmed-9357432 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | The Authors. Published by Elsevier B.V. on behalf of The Asia Economic Community Foundation. |
record_format | MEDLINE/PubMed |
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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