| International trade has grown rapidly in recent years, thanks in part to the
progressive reduction of tariffs and quotas through successive rounds of
multilateral trade liberalisation. However, this progress brings to light two
of the remaining weak links of international trade, which prevents countries
from drawing full benefits from the advantages of open global markets:
border bottlenecks and measures to reduce intentional malicious acts including
terrorist activity. Careful policy appraisal combined with economic analysis
can help improve the effectiveness of trade procedures and security policies
for facilitating international trade. |
