Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.
The Philippines has kicked off its 2018 infrastructure programme with the launch of a headline transport project, with additional investments set to support GDP growth moving forward.
On the back of efforts to encourage more international business activity, the Philippines registered the highest rate of foreign direct investment (FDI) growth in the ASEAN region last year, with the country hoping to capitalise on the global attention generated by hosting the bloc’s most recent summit to enhance trade and investment flows.
With an eye on reversing a dip in foreign direct investment (FDI), the Philippines has proposed a series of reforms aimed at increasing trade liberalisation.
What do you think is driving the growing infrastructure gaps throughout emerging and developing economies in Asia?
The Department of Agriculture (DoA) has announced a raft of programmes planned for 2018 aimed at boosting farm productivity, though ensuring their viability will depend partly on funding allocations in the government’s proposed 2018 budget.