Technological trade flows between Pakistan and ASEAN boost economic growth
International trade between Pakistan and ASEAN countries has a significant impact on economic growth and the environment. Different levels of technology trade flows affect trade volumes and economic growth positively. Countries with high production levels trade faster than those with lower output levels. Similar consumer tastes lead to increased trade volumes, especially in medium-tech trade. Exchange rate depreciation positively affects total bilateral trade and low-tech trade but negatively impacts medium-tech trade. Free trade agreements and WTO membership can boost trade activities. Pakistan and ASEAN have different trade patterns, creating opportunities for increased business activities.