Merchandise trade recovery under threat

The recovery of merchandise trade, both in Asia and the Pacific and the world, is under threat due to escalating global trade tensions. Trade value in the region and globally, which was picking up rapidly in 2017, has continued to grow during 2018. Unlike in 2017, however, this year’s trade value growth has been driven mainly by price increases. Downside risks are mounting due to growing concerns about the escalating trade conflicts between large economies, rising fuel prices, heightening trade and investment restrictions and tightening monetary conditions in rapid growth economies, and also in the United States.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Reduced Inequalities

Decent Work and Economic Growth