patterns adjusted, allowing for a smooth adjustment to the new trade environment.
Harmonizing the trade rules between existing sub-regional trading blocs would generate prospects for increased intra-industry trade
and the formation of regional value chains.
There exists a potential for boosting intra-industry trade
between Pakistan and ASEAN in several product segments most notably knitted or crocheted fabrics, articles of apparel and clothing accessories, made up textiles and leather products.
(IIT) is the export and the import of goods belonging to the same industry.
Irina Chernykh- Chief Research Fellow, Kazakhstan Institute for Strategic Studies under the President of Republic of Kazakhstan presented her speech on 'Potential and Prospects of Intra-Industry Trade
in the Region'.
* growth of intra-industry trade
through regional value chains and development of geographically based specialisation
This hypothesis posits that if intra-industry trade
dominates in the economy, the adjustment costs arising from the processes of economic opening or induced by changes in trade patterns will be lower.
The focus is on exchanging concessions in such areas where the strengths of the two countries complement each other, thereby encouraging intra-industry trade
. Since the signing of FTA with China back in 2006, Pakistan managed to avail only five percent of the concessional lines, while Chinese imports enjoyed 57 percent of tariff concessions.
The objective of this paper is to look into the current development of foreign trade between the EU and Russia based on an analysis of selected indices (including revealed comparative advantages, intra-industry trade
and trade intensity) and the possibility of further mutual development of foreign trade relations as a result of globalization changes taking place in the world economy.
The answer to the overall growth in trade openness for the UK may be found in intra-industry trade
. (7) Overall trade openness among the EU6 grew (from roughly 35 percent in 1958 to 50 percent in 1973) but intra-industry trade
increased substantially more.
Keywords: international trade, trade pattern, comparative advantage, New Trade Theory, intra-industry trade
, inter-industry trade, Grubel-Lloyd index, metalworking sector.