Regional solutions within Asia, reinforced by boosting inter-regional trade and investment with Europe as an engine of global growth, can help counter the threats to globalization.
The future of the AEC depends on ASEAN member states making economic and labor market conditions more conducive for foreign workers.
We look forward to making more progress on implementing the pact for both passenger and freight vehicles to cross swiftly and easily between Bangladesh, Bhutan, India and Nepal.
TPP and RCEP are not perfect, but they can unlock Asian trade liberalization and growth. Supporting open accession, an eventual Asia-Pacific FTA and complementary national policies will help achieve this end.
There is no single or simple solution to ensure SMEs benefit from regional integration schemes – ASEAN economies need to fix key productivity, regulatory, infrastructure, and financing gaps.
More coordination and cooperation at the borders will create greater efficiencies that are passed on to traders so business becomes faster and cheaper – a cross-border win-win situation for all in South Asia.
Sean O’Sullivan, ADB Director General for Central and West Asia, gives an update on a $1.2 billion project to improve the electricity supply with two giant gas turbines in Uzbekistan.
The joint ADB-PRC Regional Knowledge Sharing Initiative is launching a website to serve as a platform for sharing the PRC’s experiences, methods, ideas and opinions on what works and what doesn’t in development.
If implemented well, this strategy promises more robust industrial growth, improved productivity, higher-paying jobs and skills development, influx of foreign investors, and increased exports.
Networking enhances peer learning, strengthens collective capacities, bridges the gap between research and policy advice, and eventually contributes to the effectiveness of public policies in developing Asia.