With its recently secured investment grade rating from major credit rating agencies and improved ranking on global competitiveness, the Philippines is prepared for the Association of Southeast Asian Nations (Asean) economic integration in 2015, a top government official said.
In the session on “Trade: Lifting Barriers to Growth” during last week’s World Economic Forum on East Asia (WEF-EA) held in Makati City,Trade and Industry Secretary Gregory Domingo said that as early as 2010, the Philippines had opened its doors wider to international trade with the lifting of tariffs on 99 percent of commodities coming from other countries in the region.
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