چکیده:
Due to timely process of WTO negotiations, unwillingness of advanced industrial
countries to give concessions to developing economies regarding tariff and
non-tariff barriers on agricultural commodity imports, the ongoing initiatives
in Northern hemisphere to establish new and wider free trading areas which will
divert trade out of the market from Asian countries, ineffectiveness of
deepening and widening existing regional trading blocs in Asia, the only
promising avenue for Asian developing economies to expand agricultural trade and
increase economic welfare of the majority of their population engaging in
agricultural production is to resort to extensive regional integration and
cooperation.
However, to be successful, all countries in the continent must adhere to the
principle of comparative advantage as the engine of regional integration.
Further, agricultural resources must be spatially allocated among local,
national and regional geographic boundaries according to their natural resource
endowments and comparative advantage in production and trade, so as to maximize
the benefits of specialization. It is through this allocation arrangement that
regional economic integration will be to the benefit of the people in Asia.
خلاصه ماشینی:
"Abstract Due to timely process of WTO negotiations, unwillingness of advanced industrial countries to give concessions to developing economies regarding tariff and non-tariff barriers on agricultural commodity imports, the ongoing initiatives in Northern hemisphere to establish new and wider free trading areas which will divert trade out of the market from Asian countries, ineffectiveness of deepening and widening existing regional trading blocs in Asia, the only promising avenue for Asian developing economies to expand agricultural trade and increase economic welfare of the majority of their population engaging in agricultural production is to resort to extensive regional integration and cooperation.
Conclusion From what have been discussed in this paper, several conclusions can be reached as follows: · Due to the: 1) ongoing process of globalization, with increasing pressure on the agricultural sector of Asian developing countries for efficient allocation and use of their economic resources, 2) unlikely non-reciprocal agricultural trade concessions by western countries, 3) the trade diversion impact of wider regional integration initiatives in the western hemisphere on the agricultural exports of Asian countries, and 4) the insignificant consequences of deepening integration in the already existing regional trading blocs in Asia for intra-regional trade, particularly in the agricultural sector, it is incumbent on Asian countries not only to act collectively within Asia or Asia sub-regions, but also to achieve their competitive advantage through proper coherence in their agricultural trade policies."