Digital trade holds massive promise for the Asia-Pacific region, but there’s still much to do to help vulnerable countries catch up, according to a new UN report launched on 6 December at UNCTAD eWeek 2023.
The Asia-Pacific Trade and Investment Report 2023-2024, produced by UNCTAD, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) and the UN Industrial Development Organization (UNIDO), highlights the region’s strong but uneven performance.
Posting a 9% growth rate in digitally deliverable exports from 2015 to 2022, the region outpaced the global average of 6.8% to reach $958 billion.
But just six economies accounted for 85% of Asia-Pacific’s digitally deliverable exports in 2022. The share for the region’s least developed countries (LDCs) was under 1%.
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