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Asia-Pacific Trade and Investment Report 2017

Channelling Trade and Investment into Sustainable Development

image of Asia-Pacific Trade and Investment Report 2017

This report aims to deepen understanding of trends and developments in trade, investment and regional integration in the Asia-Pacific region; emerging issues in trade, investment and trade facilitation policies, and impacts of these policies on countries' abilities to meet the challenges of achieving inclusive and sustainable development. It offers innovative policy options to meet the challenges of achieving sustainable trade and investment. It contains separate country and subregional country briefs. Part I delves into recent trends and developments pertaining to trade in merchandise and commercial services, and foreign direct investment (FDI) flows. Part II analyses how trade and investment are interlinked and can be channeled into sustainable development.

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Rethinking trade and investment policies for sustainable development

International trade and investment are key means of implementation of the 2030 Agenda for Sustainable Development. Their benefits are well recognized, particularly in the developing economies of Asia and the Pacific, where trade and foreign direct investment (FDI) have been main engines of growth. However, there are rising public concerns about globalization in major developed economies, as recently evidenced by Brexit in Europe and the withdrawal of the United States of America from the Trans-Pacific Partnership. Policymakers need to more fully recognize that not everyone benefits from trade and investment liberalization, even as the overall economic pie expands as a result (IMF, World Bank and WTO, 2017; ESCAP, 2013). Additionally, the environmental impacts of international trade and FDI remain a long-standing concern.

English

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