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CPS2145  Jee, Hui-Siang Brenda et al.
            positive value of indexes against Japan that was an importer. Second, the trade
            discrepancy index was relatively low at less than 15.0% throughout the study
            period. Thus, this result mirroring the quality of trade data between Sarawak
            and Japan had been much accurate.
                From the empirical investigation, the issues on asymmetry trade statistics
            were noted. They were influenced by trade valuation, exchange rate and other
            factors. Although it is difficult to eradicate these issues in international trade,
            it is however important to measure and identify the cause of asymmetry for
            the  mean  of  compiling  better  quality  statistics.  For  these  reasons,  it  is
            suggested to further analyse the cause of asymmetry trade statistics in future
            studies.

            References
            1.  China-Canada Joint Working Group on Trade Statistics Reconciliation.
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            2.  Day, I. (2015). Assessing China’s merchandise trade data using mirror
                 statistics. Retrieved from
                 https://www.rba.gov.au/publications/bulletin/2015/dec/pdf/bu-1215-
                 3.pdf
            3.  Department of Statistics Malaysia. Sarawak External Trade Statistics,
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            4.  Ferrantino, M.J. and Wang, Z. (2007). Accounting for discrepancies in
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            5.  Fisher, N., Pfammatter, M., Carnal, G., Khalifa, H., Almasri, M., Khalil, A.,
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            6.  Gehlhar, M.J. (1996). Reconciling bilateral trade data for use in GTAP.
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            8.  International Monetary Fund. (2018). International Financial Statistics.
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