Enhancing Transport and Trade Facilitation in the Greater Mekong Subregion (Co-Financing PRC-Regional Cooperation and Poverty Reduction Fund)

Details

Project	40437-012
Related Projects	Search
Type	TA
Sector	Industry and Trade
Country	Regional
Start	2008
End	2012
Status	Closed
Last Edited	05 Jul 2021

Funding

US$('000) 500

Confinancing Source: PRC-Regional Cooperation and Poverty Reduction Fund

Project Description

The RETA will support overall institutional capacity building to strengthen transport and trade facilitation in the GMS, and will work closely with relevant regulatory agencies with competency in these matters, including customs and SPS agencies. Capacity building will be a central element under this RETA, as the spirit of GMS cooperation in these areas is fundamental in promoting regional integration. The RETA will undertake a series of activities centered on the following areas: transport facilitation; sanitary and phytosanitary measures (SPS) improvement; business and logistics support, and regional information sharing among customs, SPS, and logistic service providers in the GMS for trade facilitation.

Progress (as of March 2021)

Project closed

Contacts

Contact 1
Contact Name	Sasradipoera, Kanya S.
Organization	Asian Development Bank
Email	kanyass@adb.org
Contact 2
Contact Name	-
Organization	-
Email	-

News and Multimedia

Production line of the rice cracker factory, Trang An. Through Vietnam International Bank the factory owner was able to increase his business by importing modern equipment. The VIB was able to help the small business owner because of its participation in ADB's Trade Finance Program.
Source: ADB Flickr

GMS intra-regional trade grows more rapidly (outpacing the current average growth in total GMS trade of 12% in 2008).
Total GMS trade as a percentage of world trade increases (beyond the current share of 1.5% in 2008).