Trade remains slow in Asia Pacific
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Asia Pacific's total trade grew by only 2 per cent in 2013 and were weak in the first half of 2014, according to the Asia-Pacific Trade and Investment Report (APTIR) 2014 published by the United Nations Economic and Social Commission for Asia and the Pac
Growth in 2015 is expected to increase to 7 per cent, but considerable uncertainties in global macro-economic prospects mean this is far from assured.
"The overarching message of this year’s report is that the lengthy shadows cast by the crisis highlight the need for economic rebalancing,” said Dr.
Shamshad Akhtar, UN Under-Secretary-General and Escap Executive Secretary. “In part, this requires refocusing on domestic value addition of exports, rather than increasing gross exports alone."
The Nation
