Enhancing Intraregional Cooperation Could Help Build a More Prosperous, Resilient, and Peaceful Asia
Subregional initiatives in Asia, such as ASEAN, GMS, CAREC and SASEC need to overcome economic and political stumbling blocks to extend cooperation more broadly and not miss opportunities for economic recovery and greater resilience.
The massive Regional Comprehensive Economic Partnership (RCEP) agreement is expected to go into force in 2022. It could be instrumental in helping Asian economies bounce back from the pandemic.
As the pandemic continues to affect global trade, governments need to take measures now to be better prepared for future disruptions.
Migration in the Asia-Pacific region is diverse and enduring. It cannot be handled by one country alone. Regional cooperation is needed.
Just as past crises triggered international and regional financial cooperation, the pandemic offers an opportunity to collectively improve financial resilience and soundness.
Central Asia has the opportunity to create a sustainable, safe, easily accessible, and well-known tourism destination that provides a variety of year-round, quality experiences.
The massive Regional Comprehensive Economic Partnership presents a major trade opportunity for Asia but there are still critical details that need to be worked out.
Pandemic Partners: Regional Cooperation Has Helped Asia and the Pacific Mitigate and Recover from COVID-19
The region’s success with decades of growth and poverty reduction is due in large part to the international movement of trade, capital, people, knowledge, and resources – not only within the region but with the rest of the world. This type of regional cooperation is also a powerful tool in addressing the pandemic.
Central Asia’s long-term economic prosperity depends upon participation in global value chains and upgrading to higher value-added activities.
The Regional Comprehensive Economic Partnership brings 15 nations and 2.2 billion people into a trade partnership. It also offers broad economic and societal benefits that go beyond imports and exports.