Sunday, January 10, 2010: 07:50:45 PM

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‘Asia will account for 40% of global trade by 2028’

Three Asia-based trade areas of Asia, Africa and Latin America will account for nearly 40% of the world's trade volume by 2028, according to DHL's latest survey.

Chief executive of DHL Global Forwarding, Hermann Ude, said, DHL's latest survey, which was released at the recent APEC CEO Summit in Singapore, showed that the three fast-growing areas of economic activity will soon have a much greater impact on the world's economy that they do today.

Mr Ude said the Asia economy, especially China, with India in No 2 spot, would continue to be the centre of world trade. China accounted for most trade volume by importing raw materials and exporting processed goods such as telecommunications and office equipment.

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