As a result, growth in intra regional trade has outpaced overall trade growth, with intra Asian trade now accounting for more than half of the continent s total trade turnover.

South South and intra regional trade in particular would benefit from multilateral trade facilitation agreements.

(c) Conducting studies and making recommendations on issues of significant impact on regional cooperation and integration, including intra African trade, regional trade liberalization and payment arrangements

Economists call it intra industry trade.

The opposite is true for regional groupings in Africa and in the Middle East where trade with the outside world is more important than intra regional trade.

All of this will invariably spur development and integration of national financial systems and intra regional trade.

African governments should pursue intra regional trade liberalization, institutional integration, and infrastructure development with greater determination than ever.

To promote intra regional trade in goods and services, it is necessary to create the basic economic conditions.

Faced with weak demand in advanced countries, Asian economies are working to rebalance their sources of growth by shifting toward domestic and regional markets. As a result, growth in intra regional trade has outpaced overall trade growth, with intra Asian trade now accounting for more than half of the continent s total trade turnover.

(b) Trade development promotion and facilitation to increase intra PTA trade

Moreover, economic integration and increased intra regional trade are the best entry point into global markets for all countries.

As a result, roughly 15 of sub Saharan African trade is intra regional, up from only 7 in 1990.

In particular, the dynamic economic growth of the East Asian countries could be attributed to increasing intra regional trade.

ECA directed renewed attention to regional trade and trade facilitation. ECA organized an ad hoc expert group meeting on intra African trade in March 2005 in Addis Ababa.

East Asian economies could then, over time, cooperate to enhance regional exchange rate stability, thereby creating a more conducive environment for intra regional trade.

They stressed the need for regional groupings such as the European Community, North American Free Trade Agreement (NAFTA) and the ASEAN Free Trade Area (AFTA) to remain open while seeking to expand intra regional trade.

The key question is whether structural problems or institutional and political factors are hindering the development of intra regional trade.

In LAC, most outward investment is intra regional.

4. Improved trading environment Intra African trade through IGOs

The International Monetary Fund credits Asian intra regional trade as the main factor behind its recent export boom and strong economic growth.

Indeed, intra EU trade today accounts for nearly two thirds of EU member states total trade.

The expert indicated that Korean OFDI had led to a trade surplus because of intra firm trade.

In addition to bilateral assistance, intra regional cooperation is also important.

Eastern and southern Africa's main challenges in intra regional trade relate to customs clearing agents, clearing fees, demurrages, transit periods, revenue leakage and transport infrastructure.

Economic integration must be backed up by increased intra regional trade less than 4 of Africa s trade is between African countries, compared to over 70 in Europe and over 50 in Asia.

A fully capable regional financial safety net could contain the contagion of financial shocks emanating from individual economies and prevent disruptions to the region s key growth drivers intra regional trade and investment.

Most of the growth of intra developing country trade had been in manufactures.

More recently, they have been intra State, with subregional and regional ramifications.

Research by the UNCTAD secretariat has shown that such arrangements are likely to be strongly trade expanding for developing regions generally, and for sub Saharan Africa in particular, increasing both intra regional trade and trade with third countries.

Indeed, our research shows that when mutual recognition agreements include restrictive rules of origin, intra regional trade increases at the expense of trade with other countries and that developing countries tend to suffer most.

Urged that the remaining non tariff barriers to intra PTA trade be dismantled immediately

EUROSTAT provided an information note entitled quot INTRASTAT Intra community trade after 1992 quot .

The rise in intra Asian trade reflects China s central role in East Asia s production networks.

Support for the reactivation of payment mechanisms for intra Central American trade E Feb. 1989

77. Within the framework of the African Economic Community, industry has a decisive role to play in terms of expanding production structures and intra African trade to meet regional needs.

Intra African trade is only about 11 per cent of total trade, the lowest among world regions however, it has doubled since 1980.

Also, trade facilitation and challenges faced by landlocked developing countries in the context of intra African trade were the focus of the fourth session of the Committee on Regional Cooperation and Integration, held in March 2005 in Addis Ababa.

2. Trade, regional economic

5. Regional trade initiatives

Although domestic capabilities matter, a number of factors affect intra industry trade patterns in the developing world.

Kazakhstan has called for intra regional integration in Central Asia and international integration of the region.

Regional integration in ASEAN had encouraged intra ASEAN investment, which contributes to South South FDI flows.

South Africa recognizes the intra regional opportunities for the expansion of trade, investment, cultural, tourist, sporting and other links, and wishes to cooperate in these fields in a positive and constructive manner.

The persistent legacy of that history includes the region's dependence on a small number of home countries for trade and FDI, limited intra regional economic relations and the predominance of small domestic markets.

Trade facilitation and regional integration