GMS Economic Corridors Must Yield More Jobs and Investment

Stakeholders from the six Greater Mekong Subregion countries reviewed achievements in the GMS economic corridors over the last 6 years at a forum in Ha Noi, Viet Nam. Read More

Enhancing Small Enterprises’ Access to Finance: ADB’s Take

Promoting the growth of small and medium-sized enterprises in Asia helps reduce poverty. Read More

Building Afghanistan's New Railway as Lifesaving Link

ADB has helped open up Afghanistan to increased trade and commerce through the construction of a new rail system. Read More

Asian Countries Need to Work Together to Address Risks

Trade within Asia has risen to around 54% of total trade but countries need to continue working together to strengthen their economic links, says new ADB report. Read More

Promoting Regional Trade in Asia and the Pacific

ADB’s overarching goal of poverty reduction in Asia and the Pacific is contingent on the growth of small- and medium-size enterprises (SMEs) and regional trade among partners. The key objective is to boost productivity and help create more jobs for 750 million people. Essential to this is expanding and improving trade so the benefits can be shared by all economies in the region.

Free trade agreements

With the continuous proliferation of free trade agreements (FTAs) in the Asia and Pacific region, the ARIC FTA database tracks and provides a comprehensive listing of all bilateral and plurilateral FTAs with at least one Asian country as signatory. It covers all agreements at all stages of development, from those under study or consultation to those in force. View database

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Key Statistics

34%
of the Asian labor force is engaged in the service sector Source

55%
of Asia's total trade comes from intraregional trade accounts, sharply up from 43% in the early 1990s Source

$16.14 billion
turnover of the ADB's Trade Finance Program from 2009-2013 Source