By Devinder Kumar
BANGKOK (IDN) — The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) highlights in a new report that the region’s trade flows are wavering amid sluggish global economic and trade growth, downward movement of world commodity prices and an uncertain policy environment.
According to ESCAP’s Asia-Pacific Trade and Investment Report 2016 released on November 29, the volume of exports of goods increased by 3 per cent in 2015, the nominal value of exports and imports by the region experienced a significant decline, of 9.7 per cent and 15 per cent, respectively.