OECD recommends 'practical, low-cost policies' for Asean logistics sector

ECONOMIES in Asean could be better off by more than US$4.5 billion annually if regional governments encourage fair and transparent competition in the logistics sector.

This is a conservative estimate that does not take into account increased employment, lower barriers to market entry for small and medium-sized enterprises, improved cross-border trade and other beneficial spill-over effects, said the Organisation for Economic Co-operation and Development (OECD).

The economic organisation launched two new reports at the Asean Economic Ministers Meeting on Thursday which offer policy recommendations to help the industry boost overall growth.

Covid-19 has highlighted how interconnected but also fragile global supply chains are as pandemic-driven bottlenecks, resulting from closures at production facilities and congestion at airpor…

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