As trade barriers continue to rise across Asia, the region’s economic landscape is becoming increasingly complex. While territories such as Hong Kong are leading with open trade policies and robust technological infrastructure, others are turning to protectionist measures to shield domestic industries.
Non-tariff barriers—including product standards and import quotas—are now more prevalent than traditional tariffs, placing added costs and constraints on international trade. According to the Hinrich-IMD Sustainable Trade Index, economies that embrace openness, innovation, and technological advancement are better positioned for long-term, sustainable growth.
However, growing protectionism may hinder such progress, particularly in developing nations lacking advanced trade infrastructure. Comprehensive Free Trade Agreements, such as the CPTPP, provide a pathway forward by establishing clear guidelines to reduce these barriers and promote smoother trade relations.
Asia’s future economic sustainability will depend on maintaining a careful equilibrium between safeguarding national interests and participating in a more open, integrated global economy.
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