The Philippines is well poised to profit from Japan Prime Minister Shinzo Abe’s move to steer clear of China and move to Southeast Asia for capital expansion.
The Association of Southeast Asian Nations has implemented about three quarters of the blueprint for the establishment of the Asean Economic Community (AEC), with a little over two years left until the self-imposed deadline by the end of 2015.
Trade Secretary Gregory L. Domingo has appealed to foreign business groups “not to be negative” about upcoming prospects and support the Philippine government’s thrust to achieve economic growth.
