Asian economies show greater trade interdependence: report

Asian economies have shown a greater interdependency, according to a report released on Tuesday.

The report, conducted by the University of International Business and Economics, and funded by Boao Forum for Asia, showed that in 2011 trade interdependency in Asia was 54.1 percent.

This means that Asian economies' trade with their partners on average accounted for 54.1 percent of their non-Asian trade volume. The percentage was an increase from 53.1 in 2007, when the research was first conducted, but lower than 2010's 54.9 percent.