Improving Trade Infrastructure in ASEAN Could Boost Regional Economy by Billions
The article examines trade facilitation in ASEAN countries. Import and export costs vary, with low to moderate barriers. Infrastructure quality and services competitiveness range from fair to excellent. Trade in Southeast Asia is sensitive to transport infrastructure and technology. Improving port facilities could boost trade by up to 7.5% or $22 billion, showing the importance of transport infrastructure in enhancing regional trade.