The Philippines has a strong potential to participate in the post-Covid-19 global value chain on account of its robust services sector, according to the Asian Development Bank (ADB).

During the virtual launch of her institution’s Asian Economic Integration 2021 report on Wednesday, Cyn-Young Park, director of the ADB’s Regional Cooperation and Integration Division, highlighted this potential as the “post-pandemic trade landscape would give more weight [to] digital and services trade, and in all aspects the Philippines has a comparative advantage on the services sector and [is] service-oriented.”

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