ASEAN nations should grow high-value exports and reassess strategies to further strengthen their economies: EIU report
DHL today revealed the findings of a study commissioned to Economist Intelligence Unit (EIU) at the 4th ASEAN Business and Investment Summit 2006 (ASEAN-BIS). The study, entitled “ASEAN Exports: Today, Tomorrow and the High-value Challenge”, aimed to analyze where ASEAN countries stand today in relation to China and India, and how they measure up as a trade bloc, in terms of high value exports, against the European Union (EU) and the North American Free Trade Agreement (NAFTA).
DHL, the world’s leading express and logistics company, today revealed the findings of a study commissioned to Economist Intelligence Unit (EIU) at the 4th ASEAN Business and Investment Summit 2006 (ASEAN-BIS). The study, entitled “ASEAN Exports: Today, Tomorrow and the High-value Challenge”, aimed to analyze where ASEAN countries stand today in relation to China and India, and how they measure up as a trade bloc, in terms of high value exports, against the European Union (EU) and the North American Free Trade Agreement (NAFTA).
One of the key findings states that China had not only outpaced ASEAN in high-value exports as early as 2003, but it has also overtaken ASEAN as the biggest exporter in Asia since 2004. Against this backdrop, ASEAN governments would have to review their trade policies in comparison with China and in meeting the challenges ahead
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