The impact of trade facilitation on Pakistan’s international trade
DOI:
https://doi.org/10.15665/dem.v19i3.2831Keywords:
Pakistan’s Trade Facilitation Index, Trade Cost, Gravity Model, Pakistan’s ExportsAbstract
The primary purpose of this study is to facilitate Pakistan in trade facilitation to improve trade efficiency and to promote the better development of foreign trade of Pakistan based on a comparative analysis with other nations. The main conclusions are as follows: (1) Pakistan's Trade Facilitation Index is low compared to the global scope. This requires Pakistan to improve its trade situation further and to increase its trade facilitation index. (2) There are some prominent problems in Pakistan's import and export trade, especially export commodities. In addition, Pakistan's import and export trade is unbalanced, and the trade deficit is large, which is not conducive to the sustainable development of trade. (3) Through the gravity model analysis, Pakistan's Trade Facilitation Index significantly impacts import trade and export trade.
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