Asian Trade Integration Deepens, Driven by Intra-Regional Commerce, Boao Forum Report Finds

Kathmandu. The foundations of Asian trade integration are continuously strengthening, according to a report released by the 'Boao Forum for Asia' on Tuesday.The report indicates that intra-regional trade dependency in the region rose to 57.2 percent in 2024 from 56.3 percent in 2023. This shows that the major economies in the region are becoming increasingly focused on mutual trade relations.Bilateral trade dynamics are growing rapidly, especially among the major economies in the Asia-Pacific region. The revival of intra-trade among Southeast Asian nations is playing a key role in this resurgence, with bilateral trade between these nations and China leading this...