BANGKOK -- Asia's developing economies should deepen trade relations with export markets to prepare for tougher trade restrictions, the World Bank advised on Tuesday as it sees limits emerging to the benefits reaped by the likes of Vietnam and Thailand from supply chain shifts.
Trade
World Bank urges trade pacts to protect Asian exports from stricter rules of origin
Region's growth to slow to 4.4% in 2025 on China slowdown, U.S. uncertainty
Workers at a shoe factory in Hanoi, Vietnam. The World Bank forecasts that Vietnam will enjoy by far the strongest growth of any economy in developing East Asia next year. © Reuters
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