... increasing intraregional trade in East Asia and the PRC’s growing trade links with Africa and Latin America. However, whether this trend is cyclical (due to the current weakness in the EU and ... = Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain; GIIPS = Greece, Ireland, Italy, ... or 2008 for annual data. Bold-faced figure implies a deterioration from the same base periods. a Data for Brunei Darussalam, Cambodia, Lao People’s Democratic Republic, and Myanmar are computed...