Manila Bulletin - Low trade openness may limit Philippine clout as ASEAN eyes global-power status
• 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. • 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. • 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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