Manila Bulletin - Low trade openness may limit Philippine clout as ASEAN eyes global-power status
β’ A study by the state-run Philippine Institute for Development Studies (PIDS) warns that the Philippines' low level of trade openness may limit its economic influence. β’ The research highlights that deeper integration into global trade is a critical factor for the Association of Southeast Asian Nations (ASEAN) to emerge as a global power. β’ This finding matters because limited trade openness prevents the Philippines from fully leveraging regional growth and strengthening its strategic position within the bloc.
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