As the pandemic continues to affect global trade, governments need to take measures now to be better prepared for future disruptions.
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.
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 COVID-19 pandemic has increased the importance of ensuring that the poorest and most vulnerable people have access to formal financial services, given their role in supporting inclusive economic recovery and resilience.
Trade via rail in Central Asia has proven highly effective in recent years. It needs further support to take it to the next level.
We need to work across borders to ensure that the benefits of the Regional Comprehensive Economic Partnership are enjoyed by everyone.
Persistent, high levels of nonperforming loans could undermine bank lending and economic recovery in Asia’s developing countries.
Central Asian countries are facing major food security challenges, but can meet them by working together on shared solutions.
Economic corridors have the potential to bridge infrastructure gaps, foster industrial growth, and promote economic diversification, playing a pivotal role in propelling Asia towards a more inclusive and sustainable growth trajectory.
A free trade agreement could bring the economic and social development benefits of global value chains to Central Asia.