The Asia-Pacific Trade and Investment Report (APTIR) is a recurrent publication prepared by the Trade and Investment Division of the United Nations, Economic and Social Commission for Asia and the Pacific. It provides information on and independent analyses of trends and developments in: intra- and inter-regional trade in goods and services; foreign direct investment; trade facilitation measures; trade policy measures; and preferential trade policies and agreements. It provides insights into the impacts of these recent and emerging developments on countries’ abilities to meet the challenges of achieving inclusive and sustainable development. This edition of ESCAP’s Asia-Pacific Trade and Investment Report (APTIR) highlights the challenges posed by slowing regional trade growth and outlines how changing dynamics in the global economy call for a renewed effort to enhance the prospects of export-led growth, both of merchandise trade and in commercial services. The 2015 report also provides analysis on the spread of Global Value Chains in the Asia-Pacific region and evaluates policies that contribute to developing countries participation in GVCs.