Asia, Pacific should diversify trade to spur inclusive development: ADB Report

Islamabad: Export diversification could help Asia and the Pacific to better cope with the current global slowdown in trade and make development more inclusive.

Boosting industrial capacity, international competitiveness, and transport infrastructure are key to that, according to a new report by the Asian Development Bank (ADB).

The report, Aid for Trade in Asia and the Pacific: Promoting Economic Diversification and Empowerment, was released at the 7th Aid for Trade Global Review 2019 held at the World Trade Organization headquarters in Geneva, Switzerland from 3 to 5 July, said a statement received here on Wednesday.