SUMMARY The Sino-US trade war is a symptom of strategic rivalry and great power transition; The trade war has both risks (loss of profit margins for intermediate goods) and opportunities (trade diversion) for the Philippines; The Philippines needs to diversify commercial markets and intensify free trade agreements to buffer the impact of trade wars; The Philippines should employ means to…
In the shadows of today’s global problems – principal among them were terrorist attacks in Paris last 13 November that claimed 130 lives with others still in critical condition (and threats of more of the same in other countries in Europe and the U.S. by ISIS terrorists) – the Philippines hosted this week the 2015 Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting.
Improved transport and logistics among Asian countries will result to regional integration and most importantly overwhelming trade gains, according to the lead transport economist of the Asian Development Bank (ADB). Peter Darjes, ADB lead transport economist said over the last 5 years, Asian trade growth was at 8 percent in real terms, between Asian and the rest of the world….