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Asia-pacific trade and investment report 2014

Recent Trends and Developments

image of Asia-pacific trade and investment report 2014
Asia-Pacific Trade and Investment Report (APTIR) is a major annual publication of the Trade and Investment Division of United Nations ESCAP. It provides information on and independent analyses of trends and developments in: (a) intra- and inter-regional trade in goods and services; (b) foreign direct investment; (c) trade facilitation measures; (d) trade policy measures; and (e) preferential trade policies and agreements. It provides insights into the impacts of these recent and emerging developments on countries’ abilities to meet the challenges of achieving inclusive and sustainable development. It identifies and studies emerging issues in all these areas and offers innovative policy options towards building capacities of governments in the region to meet the challenges of achieving inclusive and sustainable development. APTIR 2014 shows that, while the Asia-Pacific region remains the most dynamic pole of the global economy, growth in trade and investment has yet to return to pre-crisis levels. The Report is aimed at policymakers as well as practitioners and experts, academia, business, international agencies and non-governmental organizations working or interested in these issues in the Asia-Pacific region. It comes with separate country and subregional country briefs.

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Trends and developments in commercial services trade

A slow-down of merchandise exports by Asia-Pacific economies during 2013 was also accompanied by continued stagnation of its commercial services exports in contrast to a modest worldwide recovery in services exports. For the first time since 2004 with the exception of 2009 (figure 2.1), the Asian and Pacific region’s growth in trade of commercial services lagged behind global growth. World export growth jumped from 2.4% in 2012 to 5.6% in 2013, increasing the export value to more than $4,600 billion, led by the recovery of European Union exports, which accounted for almost one half of world services exports.

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