Trade conflicts, the pandemic, and geopolitical tensions have all had an impact on global supply chains. It’s time to rethink how these crucial production links are set up and how they can be made more resilient.
These charts illustrate the strong momentum of Asia’s trade growth during 2021, showing its resilience amid continuing uncertainties around the pandemic and a potential slowdown in the pace of global economic recovery.
Governments need to strategically use financing opportunities while safeguarding their economies from the risks of runaway debt and poor debt management.
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.
How wisely governments cope with current and long-term economic challenges caused by COVID-19 will be an important defining factor for the prosperity of our and future generations.
As Asia and the Pacific emerges from the pandemic, companies must embrace principle as well as profit.