Connect with us
Thailand Business Directory

Asean

Asia-Pacific exports to grow at 10.5 % in 2011 (Unescap Report)

According to a new United Nations Report exports are driving a V shaped recovery in Asia and the Pacific with developing economies in the region posting double-digit growth for both exports and imports in 2010.

Avatar

Published

on

export asia

According to a new United Nations Report exports are driving a V shaped recovery in Asia and the Pacific with developing economies in the region posting double-digit growth for both exports and imports in 2010.

Bangkok (UNESCAP Information Services) –

The Asia-Pacific Trade and Investment Report 2010 released today by the UN Economic and Social Commission for Asia and the Pacific (ESCAP) states that in 2010, developing economies in the region posted growth for exports and imports, at 19.3 per cent and 20.2 per cent respectively. Exports are expected to grow at a robust rate of 10.5 per cent in 2011, led by China, India, Turkey and Malaysia.

export asia

According to a new United Nations Report exports are driving a V shaped recovery in Asia and the Pacific with developing economies in the region posting double-digit growth for both exports and imports in 2010.

“While the stimulation of domestic demand and investment has also played an important role in reviving many economies, we find that exports continue to be a major engine of growth in the region”

said Mr. Ravi Ratnayake, Director of Trade and Investment Division at ESCAP. “As a result, Asia’s share in world exports continues to rise.”

The report notes that the strong performance of exports and trade in general, is the result of a vibrant China which imports intermediate goods from the rest of Asia and exports finished goods to the rest of the world. Intraregional trade has increased but remains largely focused on intermediate goods, while exports in finished goods and services are still dependent on mostly western markets.

“In developed country markets Asia-Pacific exports often face murky protectionism with measures that are imposed ostensibly for health reasons or environmental protection purposes but are really hidden measures to protect domestic industries,”

said Mr. Ratnayake.

The report identifies several other downside risks for Asia-Pacific trade, including continued stagnation in consumer demand in Europe, Japan and the United States coupled with the adoption of austerity programmes in various countries; the debt and euro crisis in Europe; the risk of regional currency wars; and uncertainties in international trade rules.

The report warns that while Doha negotiations have stalled, the number of free trade agreements in the region continues to rise, leading to less transparency in trade rules. Currently, about 35 per cent of all trade conducted by Asia-Pacific economies takes place within the framework of such agreements.

While many countries of the region are trading more, only some are trading more efficiently, the report says. China has made impressive progress in reducing its international trade costs, now ranking along with Germany and Malaysia as one of the economies with the lowest international trade costs. Mr. Ratnayake noted that there is a lot more to do in streamlining and simplifying trade procedures in the region. “It still takes 3 times longer to complete trade procedures in Asia-Pacific developing economies than in developed economies such as Australia, Japan and New Zealand.”

Along with export growth, inflows of foreign direct investment to the region have also increased according to the report, but have yet to reach pre-crisis levels. At the same time, the Asia Pacific region almost doubled its share of global FDI outflows to 27 per cent in 2009 with an increasing share of these outflows directed to the region itself.

The report is available on: http://www.unescap.org/tid/publication/aptir2590.pdf

For more information, please contact: Mr. Marc Proksch, Trade and Investment Division, UNESCAP, Mobile: 081-9027332, e-mail: [email protected] or Ms. Mia Mikic, Trade and Investment Division, Mobile: 081-7203706e-mail: [email protected]

Ms. Thawadi Pachariyangkun, UN ESCAP Information Services, Tel: +66-2 288-1861, Mobile: +66-81 634-3876, Email: [email protected]

* *** *
Headquartered in Bangkok, United Nations ESCAP is the largest of the UN’s five Regional Commissions in terms of its membership, population served and area covered. The only inter-governmental forum covering the entire Asia-Pacific region, ESCAP works to promote sustainable and inclusive economic and social progress. More information on ESCAP is available at www.unescap.org

Original post:
Asia-Pacific exports set to grow at 10.5 per cent in 2011

Comments

Vietnam

Foreign capital still heads to Vietnam

As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Avatar

Published

on

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

(more…)

Continue Reading

Asean

Inclusive business models offer relief for ASEAN businesses hit by COVID-19

Inclusive businesses provide goods, services, and livelihoods on a commercially viable basis, to people living at the base of the pyramid making them part of the value chain of companies as suppliers, distributors, retailers, or customers.

Asean News

Published

on

Inclusive business models offer relief for ASEAN businesses hit by COVID-19

BANGKOK, 29 September 2020 – The Third ASEAN Inclusive Business Summit convened today with government officials and business leaders advocating for inclusive business strategies that support micro, small and medium-sized enterprises (MSMEs) to recover from economic setbacks during the COVID-19 pandemic in the South-East Asia region.

(more…)

Continue Reading

Asean

In the Dragon’s Shadow: Southeast Asia in an Age of Rising Chinese Power

As China’s economy has surged and its leadership has asserted its power abroad, each country of Southeast Asia has been presented with a thorny challenge: how to benefit from the Chinese renaissance while safeguarding its sovereignty over the long term

Boris Sullivan

Published

on

The 11 nations of Southeast Asia stand uniquely exposed to the rising power of the new China: three share borders with the world’s most populous nation, and five are directly impacted by its claims over the South
China Sea.

(more…)

Continue Reading

Cart

Most Viewed

Events Calendar

« October 2020 » loading...
M T W T F S S
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
Thu 29

Vend ASEAN(Bangkok)Vending Machine & Self-service Facilities Expo 2020

October 28 @ 8:00 am - October 30 @ 5:00 pm BMT
Thu 29

Vend ASEAN 2020

October 28 @ 10:00 am - October 30 @ 6:00 pm BMT

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,071 other subscribers

Latest

Trending