Top 10 trade and investment stories of 2022 - BusinessWorld Online

OPINION | Top 10 trade and investment stories of 2022 By Bienvenido S. Oplas, Jr. READ:

The World Trade Organization in November released its flagship annual publication, the World Trade Statistical Review 2022. Global merchandise trade reached $22.3 trillion in 2021, led by China, the US, Germany, the Netherlands and Japan. Economies that experienced big expansion in exports from 2011 to 2021 were China, Hong Kong and Taiwan , and Vietnam .

Japan FDI instock was only $257 billion in 2021 but its outstock was $1.983 trillion. China and Hong Kong had a combined FDI instock of $4.1 trillion in 2021, while their combined FDI outstock was $4.7 trillion .The number is an UNCTAD estimate. There is a huge diversion in commerce from legal and registered products to illegal ones, leading to lower tax revenues for governments that led them to raise taxes elsewhere.

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