Trade, investment, technology, and geopolitical trends that predate the pandemic will have implications for the participation of the Philippines in global value chains (GVCs). Emerging trends like the rise of automation, supply chain digitalization, artificial intelligence (AI), and the increasing use of services in manufacturing could affect the country’s traditional comparative advantages based on low continue reading : PH reconfigures participation in global value chains
MANILA—Looking forward to the ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement and its eventual implementation, Department of Trade and Industry (DTI) Secretary Ramon M. Lopez expressed optimism that the trade agreement will not only facilitate the recovery efforts of the country but will also pave the way for the internationalization and deeper participation continue reading : MSMEs to benefit from RCEP Agreement
The passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act and the implementation of the Regional Comprehensive Economic Partnership (RCEP) Agreement will play major roles in the country’s growth strategy as it implements its economic recovery plan. This was underscored by Trade Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo continue reading : CREATE and RCEP to help PH boost economic recovery and seize opportunities in the reconfiguration of global value chains