Intra-Asean flows gain ground even as US, China trade blows : Asian economies have gained from the resulting trade diversions, but Asian exports, which are inputs in China, may be hit when Chinese goods become expensive in the US
EVEN as all eyes are trained on US-China trade tensions and the possibility of a global recession, trading within the region has been trending upwards.
Data from the Asean Secretariat shows that intra-Asean merchandise exports have consistently accounted for the largest share of merchandise value among intra-Asean and dialogue partners.
In 2000, intra-Asean merchandise made up 22.6 per cent of merchandise-export value. In 2005, it had risen to 25.3 per cent; in 2010, 25.2 per cent; a...