Better transport connectivity in ASEAN: Impacts on commodity trade
Conference Contribution ResearchOnline@JCUAbstract
Background: In order to grow the economy and to improve welfare for the citizens, developing countries need to enhance domestic production and facilitate markets for the produce, while making employment opportunities available through facilitating business investment. Export markets provide incentives to domestic production, and it may be beneficial for a country to import goods and services that a country hasn’t got comparative advantage in producing. To facilitate international trade and business investment, a country needs to take measures to minimise trade costs. Trade costs comprise financial costs as well as time delays. These trade costs could significantly be reduced by two main ways. By improving logistics performance in each mode of transport and by transitioning from unimodal to multimodal (or combined) transport services. There are practical examples of significant savings in financial costs and delivery times by creating and improving multimodal connectivity. ‘Multi-modal transport planning’ refers to planning that considers various modes of transport and connections among modes (Litman, 2017). Research in the area of multimodal transportation planning has accelerated during the last decade (Steadie Seifi, 2014). The increasing interest in multimodal transport planning demonstrates the increasing focus on multimodal connectivity. The ‘ARISE (ASEAN Regional Integration Support from the European Union) Plus’ project supports the implementation of the ‘ASEAN Framework Agreement on Multimodal Transport’ (AFAMT). As a part of the ARISE Plus project, the Centre for Supply Chain and Logistics (CSSL) was commissioned to benchmark the existing logistics performance in the ASEAN region.
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AARES 2019: 63rd Annual Conference of the Australian Agricultural and Resource Economics Society
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Pages Count
32
Location
Melbourne, VIC, Australia
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Australian Agricultural and Resource Economics Society
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Melbourne, VIC, Australia
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DOI
10.22004/ag.econ.285090