Trade integration deepens in Asia-Pacific region amid pandemic: ADB

0 Comment(s)Print E-mail Xinhua, February 10, 2022
Adjust font size:
Aerial photo taken on Dec. 18, 2021 shows a view of an international container terminal at the Tianjin Port of north China's Tianjin Municipality.  [Photo/Xinhua]

Trade among economies in the Asia-Pacific rose to the highest level in three decades, bolstering the region's economic resilience amid the COVID-19 pandemic even as mobility restrictions and supply-chain disruptions hampered global trade, according to an Asian Development Bank (ADB) report released on Wednesday.

The Asian Economic Integration Report 2022 said the strong intraregional trade, along with the release of pent-up global demand and the early economic recovery in China, underpinned the region's economic resilience.

Asia and the Pacific's trade grew by 29.6 percent in the first three quarters of 2021. Trade within the region rebounded by 31.2 percent during the same period, following a 3.1-percent contraction in 2020, the report said.

Also, measures to further promote trade and investment across borders, such as the newly-launched Regional Comprehensive Economic Partnership (RCEP) free trade agreement, can help advance regional trade and economic integration and pave the way for a sustainable recovery from the pandemic, said the report.

ADB Chief Economist Albert Park said the strengthening trade and value chain linkages among economies in the Asia-Pacific are an encouraging sign for a resilient recovery from COVID-19.

"The pandemic has caused visible economic damage and reversed many of the region's hard-won gains in reducing poverty," he said, stressing the need to build on the achievements of regional integration and cooperation to support a return to inclusive and sustainable economic growth.

The report added that integration among economies in the Asia-Pacific has continued to deepen in areas including new technology and digital connectivity, environmental cooperation, trade linkages, investment, and value chain participation.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 天天澡天天摸天天爽免费| 日韩中文字幕电影在线观看| 免费无码一区二区三区| 色综合天天色综合| 国产成人精品视频一区二区不卡 | 焰灵姬下面夹得好紧| 婷婷色香五月综合激激情| 久久久午夜精品福利内容| 熟妇激情内射com| 午夜三级黄色片| 色哟哟免费在线观看| 国产在线观看一区二区三区| 亚洲精品中文字幕无乱码麻豆| 国产精品自在线| 97久久精品无码一区二区天美| 女人张开腿让男人桶视频| 三上悠亚ssni409在线看| 护士与税务干部完整2av| 久久亚洲国产精品| 日本黄网站动漫视频免费| 久久精品九九热无码免贵| 日韩美女一级视频| 五月婷婷久久综合| 欧洲最强rapper网站在线看| 亚洲偷自精品三十六区| 精品久久久久久久久久中文字幕 | 无码专区久久综合久中文字幕 | 窝窝午夜看片国产精品人体宴| 午夜亚洲乱码伦小说区69堂| 美女扒开屁股让男人桶| 四虎影视免费永久在线观看| 深夜福利视频网站| 国产精品无码无卡在线播放| 91久久精品国产91久久性色tv| 国语free性xxxxxhd| app草莓视频| 在线精品国产一区二区三区| 99re在线观看视频| 国内精品伊人久久久久妇| 99re热这里只有精品18| 图片区网友自拍另类图区|