Trade Facilitation in Asia Africa Growth Corridor: Potential for India-Japan Cooperation in Africa

PUBLICATION DATE: 22-11-2017
Author Name S.K. Mohanty, Priyadarshi Dash, Vaibhav Kaushik and Bhaskar Kashyap
Author Name: 
S.K. Mohanty, Priyadarshi Dash, Vaibhav Kaushik and Bhaskar Kashyap

Abstract: Trade facilitation infrastructure and systems in many countries of Asia and Africa are still far from global benchmarks. Regardless of the level of trade facilitation, most of those countries have registered significant growth in trade over the years particularly, the Indian Ocean Rim countries. This paper aims to explore the opportunities for enhanced cooperation in trade Facilitation within the AAGC framework. By using some trade facilitation indicators, it is found that there remains enough scope of improvement in trade facilitation for several countries in Africa and Asia. AAGC countries can cooperate in technology upgradation particularly single windows, risk management and customs valuation. While AAGC countries such as India performs relatively well on high quality IT services, Japan on the other hand is ranked at the top in Risk Management Systems.

Keywords: AAGC, trade facilitation, automation, customs