Home / Knowledge / News / Textiles / 'Asia-Pacific trade and investment slowing down'
'Asia-Pacific trade and investment slowing down'
03
Nov '15
Courtesy: United Nation ESCAP
Courtesy: United Nation ESCAP
Asia and the Pacific remains the most dynamic region of the global economy but growth in regional trade and investment flows is slowing, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in its latest regional trade and investment outlook report.

The report emphasizes that countries need to adjust to both cyclical and structural changes, especially in light of the global slowdown and an expected reduction in China's growth rate.

Total exports and imports from the region grew by only 1.6 per cent in 2014, however, when excluding China from the regional total, exports from the Asia-Pacific region registered a decline of 0.4 per cent according to the Asia-Pacific Trade and Investment Report 2015 ESCAP's annual flagship publication. “The continued sluggish pace of trade and investment growth in the region is impacting the prospects of a merchandise trade recovery in the near-term. Despite this, the Asia-Pacific region stands out for its significant and sustained achievements in leveraging trade and investment flows for development,” the report said.

Launching the report in Bangkok, UN Under-Secretary-General and ESCAP Executive Secretary Dr. Shamshad Akhtar emphasized the importance of reviving trade and investment flows at a time when Member States have recently endorsed the centrality of trade and investment, as critical means of implementation for the new Sustainable Development Goals (SDGs). Dr. Akhtar called on regional policymakers to enhance competitiveness in order to promote inward investment and technology.

“The data and analysis in the 2015 Asia-Pacific Trade and Investment Report will help to mainstream trade considerations, as we work towards achieving the new Sustainable Development Goals,” said Dr. Akhtar.

“Production fragmentation across national borders as part of Global Value Chains (GVCs) has opened new opportunities for developing countries to integrate in global trade. In order to prosper in this globalized environment, countries will need to boost competitiveness and productivity to attract inward investment and technology, and find areas where they can successfully integrate in these value chains.”

Despite the lowering of trade growth prospects, it is likely that the Asia-Pacific region will hold its position as the largest trading region in the world. In 2014, the region accounted for almost 40 per cent of global exports and imports. Intraregional imports remained at slightly more than 50 per cent of the total in 2014, with intraregional exports at 54 per cent.


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

Bruckner to supply dry finishing lines for textile project

Textiles | On 16th Jan 2018

Bruckner to supply dry finishing lines for textile project

Bruckner, a producer of high-tech lines for the dry finishing of...

Courtesy: Carrefour

Apparel/Garments | On 16th Jan 2018

Carrefour signs strategic agreement with Showroomprive

Carrefour, the second largest retail chain in the world, has...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Urmil Arya

Sushila International, a well established textile organisation established ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search