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This chapter surveys trade developments in goods, particularly as related to international supply chains, and discusses trade policy issues such as the recent spread of non-tariff barriers to trade. The chapter then discusses the impact of the US-China trade war on the corporate sectors of various economies. The chapter also considers demographic, education and research and development (R&D) trends that will influence trade between China and Southeast Asia in the future, as well as foreign direct investment (FDI) trends between the Association of Southeast Asian Nations (ASEAN) members and China, and infrastructure investments under the Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank (AIIB). After examining monetary cooperation, environmental concerns and territorial disputes in the South China Sea, the chapter concludes with a discussion of power relations in Asia. |