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Asia-Pacific Trade and Investment Report 2015

Supporting Participation in Value Chains

image of Asia-Pacific Trade and Investment Report 2015
Part I of this report assesses trends and developments in regional trade and investment flows and policies in an attempt to provide the insights and information necessary to separate the cyclical from the structural aspects. Part II analyses the participation of Asia-Pacific economies in global and regional value chains. By observing how economies at different levels of development have integrated into supply chains at different speeds and to varying extents, we can cast light on those policies that influence and shape value chain participation, and hence influence future patterns of trade and investment. The particular features of participation in value chains also have an impact on the ability of countries to access foreign technology and build innovative capacity, which in turn influences structural change and future development options.

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Opening doors or building fences? Regional trends in trade policy

The trade policy landscape in the Asia-Pacific region is continuing to evolve rapidly. Progress in the two “megaregional” trade agreements – the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP), with each involving several Asia-Pacific economies – holds out considerable promise for further trade and investment liberalization (see chapter 6 for more details). Several bilateral trade agreements between economies in the region have also been concluded recently or are under negotiation.

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