PH ranks 13th out of 20 countries in new trade sustainability index

THE Philippines ranked 13th out of 20 countries in a new index that gauges the long-term trade sustainability of Asian economies, performing best in environmental sustainability and doing fair in the economic category but underachieving in the social aspect.

While the Philippines ranked relatively high on the trade and environmental pillars, its low score in the social pillar pulled down its overall ranking to13th, with the report highlighting the relative lack of a manufacturing sector in the country to boost job creation.