Roland Busch Highlights Asia-Pacific's Role in Global Economy and Climate

By A Staff Reporter — Roland Busch, Chairman of the Asia-Pacific Committee of German Business (APA) and President & CEO of Siemens AG, highlighted the Asia-Pacific region’s increasing significance in the global landscape during a recent address. He emphasized the region’s impact on the world economy, talent pool, and climate, stressing the need for strategic focus on trade agreements involving this area.

"The Asia-Pacific region will account for 50% of global GDP," Busch remarked, noting the region's anticipated economic contribution. He also pointed out the growing population, with around 60% of the global population expected to reside in the Asia-Pacific by mid-century. Busch added, "By the way, it's a source of talent we are looking for as well," reflecting the region’s potential as a hub for skilled professionals and innovation.

However, alongside its economic and demographic importance, Busch flagged the region’s environmental impact, stating that nearly 50% of the world's CO2 emissions will originate from the Asia-Pacific. This makes the region central to any global climate strategy, highlighting both its opportunities and challenges.

Busch acknowledged ongoing discussions surrounding the region and its role in global trade agreements, urging that these conversations should be approached with a clear understanding of the region’s critical importance. "We should treat it as what it is—a trade agreement after all," he concluded, advocating for pragmatic, mutually beneficial engagements that recognize the Asia-Pacific's growing influence.