OPINION

Free trade in green goods needed

Oped, Albert Park & Jong Woo Kang, Published on 02/08/2023

» International trade has boosted economic growth in many countries, especially those without abundant natural resources or fixed capital. In addition to creating opportunities for cross-border specialisation, trade has made it possible to import cheap consumer goods, intermediate inputs for manufacturing, and capital equipment. This is especially true in Asia and the Pacific, which accounted for 35% of global trade in 2020, up from 25% a decade earlier.