Trade Day 2018 (MITC)

The new era of global trade will be defined by increasing flows of data and information. Approximately 12% of the global goods trade is conducted on international e-commerce platforms such as Alibaba, Amazon, and eBay. In addition, nearly 50% of the worlds traded services are already digitized. While regionalization and protectionism may impact global trade in the short-term, other influences including technological innovation and improvements in logistics will continue to advance globalization. Companies with the long-view will remain committed to international business.

Asia accounts for about one-third of global trade. China and Japan are the second and third largest economies in the world, respectively. The predicted pace of growth in Indonesia, Vietnam, and the Philippines make these emerging markets to watch. Much as the establishment of the European Union resulted in a large increase in trade within Europe, increased connectivity and integration among Asian economies will have a similar effect over the coming decade.

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