China and ASEAN moved to expand trade under a new protocol. The arrangement is designed to increase commerce between China and the 10-member bloc. In a cautious climate, analysts flagged risks over growing Chinese investment, highlighting risks in deeper ties. In Australia, CPA Australia joined a Shenzhen economic exchange ahead of APEC. Singapore-based legal firm Wotton Kearney established a marine disputes team. Vietnam confirmed a strategic partnership for its industrial fair.
Earlier commentary contended that mainstream international trade theory ignores development concerns. That view points to gaps in how trade benefits are measured across economies.