By Othel V. Campos Modern solutions provide the Philippines an opportunity to catch up with the rest of the world,
Modern solutions provide the Philippines an opportunity to catch up with the rest of the world, given the country’s young workforce that is technology-driven and digitally-skilled.
Pascual said recent global events had major countries rethink their plans for food and political stability, “where major countries want to be assured of their major sources of supply by diversifying sources.” “And this will give us direct linkage to Europe. From the Philippines, we can connect to the other ASEAN countries. This means there is big opportunity for the young generation who are digital-savvy and this will support the digital economy that we want to grow in the Philippines,” he said.The transformative journey to digitalization should be supported with bilateral agreements.
The Philippines is also set to formalize the Philippines-Korea Free Trade Agreement at the sidelines of the ASEAN Summit in Jakarta, Indonesia in September 2023. In the first year of the Marcos administration, the DTI brokered investments amounting to $71 billion including new leads from the recent trade mission to Europe and Malaysia.
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