Global trade and South Asia
It is possible to demonstrate South Asia’s gains in extra-regional trade flows. We assume collective action in capacity building between the South Asia region as one group and the ROW as another group. As shown in Table II, if South Asia and the ROW upgrade their capacity in trade facilitation simultaneously (collective action), world total trade gains would be $31 billion in 2007 and $26 billion in 2010. Note that in estimating total trade gains we do not count the increase in intra-regional trade flows in South Asia.