MERCHANDISE trade in the Asia-Pacific region is “worrying,” and the current economic and trade slowdown is likely not a temporary phenomenon, according to a report released last week by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
The Asia-Pacific Trade and Investment Report (APTIR) 2016, an annual publication of the Trade, Investment and Innovation Division of United Nations ESCAP said that “2015-2016 has been a worrying period for trade and investment in the Asia-Pacific region and worldwide, and there are few signs that the current economic and trade slowdown is simply a temporary phenomenon.”
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