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The German Mittelstand – a model for Asia’s emerging economies?

German Mittelstand (GM), the small and medium-sized enterprises (SMEs) in Germany—are a unique and highly successful economic phenomenon that could serve as a model to promote trade and industry for emerging Asia. Read more.
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Trade

Is finance a binding constraint for SME participation in trade in Asia?

Is finance a binding constraint for SME participation in trade in Asia?
Small and medium-sized enterprises (SMEs) are a very important part of Asia’s economy. In this article, we explore SMEs and their financing issues with respect to the performance of SMEs in international trade, based on the sample of more than 8,000 companies across the People’s Republic of China (PRC) and Association of Southeast Asian Nations (ASEAN) member states. The discussion is derived from a recent Asian Development Bank Institute (ADBI) working paper (Jinjarak, Mutuc, and Wignaraja 2014). Read more.
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Trade

The new mega-regionals: the TPP, RCEP and beyond

The world may be on the verge of renewing the global trading system with huge “mega-regional” negotiations on the trade rules of the 21st century. These negotiations include the Regional Comprehensive Economic Partnership (RCEP), the Trans Pacific Partnership (TPP), and the Transatlantic Trade and Investment Partnership (TTIP); the countries involved cover nearly 80% of global GDP. The hope is that these approaches will overcome constraints that have held up progress in the World Trade Organization (WTO). Read more.
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Trade

Use of national currencies for trade settlement in East Asia: A proposal

Use of national currencies for trade settlement in East Asia: A proposal
Financial cooperation and integration in East Asia has been languishing for almost a decade. But ASEAN, the People’s Republic of China (PRC), Japan, and the Republic of Korea (henceforth, Korea), or ASEAN+3, have been more successful in promoting free trade in East Asia by establishing a number of bilateral and plurilateral free trade agreements (FTAs) with countries in the region and outside the region. Read more.
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Trade

Government procurement – key element in TPP; Missed opportunity in RCEP?

Government procurement – key element in TPP; Missed opportunity in RCEP?
Government procurement has been treated quite differently in trade agreements initiated by the US than in those that have been led by Asian governments. US-led trade agreements, including the Trans-Pacific Partnership Agreement (TPP), incorporate government procurement commitments as an important element. In contrast, Asian-led trade agreements omit or minimize government procurement provisions. The parties to Asian agreements, such as the Regional Comprehensive Economic Partnership (RCEP), should consider the benefits of including government procurement in their trade pacts. Read more.
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