Contiene: Achieving the APEC Shangai Objective: A methodology to benchmark and quantify trade facilitation efforts in financial terms: 1. Introduction; 2. The Scope of the research effort to support the Shangai goal; 3. Developing proxies for trade facilitation: ideals and realistic approach; 4. Generating trade facilitation indicators; 5. From trade facilitation indicators to trade transaction costs; 6. Examples for a specific APEC member and stylized APEC members; 7. Conclusion; Appendixes: Worsheets on sources for trade facilitation indicators -- Measuring the Impact of APEC Trade Facilitation: A Gravity Analysis: 1. Introduction; 2. Trade facilitation. Theory and practice; 3. Gravity Regression analysis of trade facilitation; 4. Case study: A Northeast Asian Free Trade Area between Kora, China and Japan; 5. Concluding remarks